Why is Parle Industries falling/rising?

As of 10-Sep, Parle Industries Ltd's stock price is currently at 10.11, reflecting an increase of 0.07 or 0.7%. The stock has shown a slight upward trend, gaining 0.9% over the last two days. However, it has underperformed its sector by 1.85% today and has a significant decline of 16.58% over the past month. The stock's long-term fundamentals are weak, indicated by a low average Return on Equity (ROE) of 0.05% and a poor EBIT to Interest ratio of -0.09. Additionally, the stock is trading at a high Price to Book Value of 2.5, suggesting it is overvalued compared to its peers, despite a 43% increase in profits over the past year.
In the broader market context, the stock's recent performance has been slightly better than the benchmark Sensex, which has gained 1.06% over the past week compared to Parle's 1.00%. However, the stock has significantly lagged behind the Sensex on a year-to-date basis, with a decline of 62.71% versus the benchmark's gain of 4.21%. The falling investor participation, with a delivery volume decrease of 29.68% against the 5-day average, further indicates a lack of confidence among investors. Overall, while there is a minor uptick in the stock price recently, the underlying fundamentals and market conditions suggest a challenging environment for Parle Industries.