Why is Parle Industries falling/rising?

As of 09-Sep, Parle Industries Ltd is experiencing a slight increase in its stock price, currently at 10.04, with a change of 0.02 (0.2%) upward. However, the stock has underperformed its sector by 1.97% today and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 0.40%, and it has seen a significant drop of 17.16% over the past month. Additionally, the company has weak long-term fundamental strength, indicated by an average Return on Equity (ROE) of 0.05% and a poor EBIT to Interest ratio of -0.09, which suggests challenges in servicing its debt. The stock is also considered very expensive with a Price to Book Value of 2.5, despite trading at a discount compared to its peers.
In the broader market context, the Sensex has gained 1.18% over the past week and 1.56% over the past month, indicating that Parle Industries is lagging behind the benchmark significantly. The company's liquidity appears adequate for trading, but a decline in delivery volume by 5.31% against the 5-day average suggests falling investor participation. While the stock's profits have risen by 43% over the past year, the lack of substantial returns and the overall weak performance relative to the market may contribute to investor skepticism, reinforcing the perception of the stock as a strong sell.