Why is Parle Industries falling/rising?

As of 15-Sep, Parle Industries Ltd's stock price is currently at 10.16, reflecting an increase of 0.06 or 0.59%. The stock has shown mixed performance in recent periods, with a 1-week return of +1.40%, but a significant decline of -5.84% over the past month. Today's performance indicates that it has outperformed its sector by 1.06%. However, the stock is trading below its longer-term moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 38.84% compared to the 5-day average. The company faces challenges with weak long-term fundamentals, evidenced by a low return on equity (ROE) of 0.05% and a poor EBIT to interest ratio of -0.09, which may contribute to investor caution.
Broader market context shows that while Parle Industries has outperformed the Sensex in the short term, the stock's year-to-date performance is concerning, with a decline of -62.52% compared to the Sensex's gain of +4.67%. This stark contrast highlights the stock's struggles relative to the broader market. Additionally, despite a recent rise in profits by 43%, the stock's valuation remains high with a price-to-book ratio of 2.5, suggesting it may be overvalued compared to its peers. Overall, the combination of weak fundamentals and declining investor interest likely contributes to the stock's recent price movements.