Why is Parle Industries falling/rising?

As of 16-Sep, Parle Industries Ltd is experiencing a decline in its stock price, currently at 10.09, which reflects a decrease of 0.07 or 0.69%. The stock has underperformed its sector today by 1.53%. In terms of returns, over the past week, the stock has gained 0.50%, but it has significantly underperformed over the past month and year-to-date, with declines of 6.49% and 62.78%, respectively. The stock is currently trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 43.13% against the 5-day average. However, the company's weak long-term fundamentals, indicated by a low return on equity (ROE) of 0.05% and a poor EBIT to interest ratio of -0.09, contribute to its negative outlook.
Broader market context shows that while the Sensex has increased by 1.58% over the past week, Parle Industries has only managed a modest gain, indicating a relative weakness in performance. The stock's year-to-date decline of 62.78% starkly contrasts with the Sensex's positive return of 5.43%, highlighting the challenges faced by Parle Industries in the current market environment. Despite trading at a discount compared to its peers' historical valuations, the company's fundamentals remain weak, which may deter investors and contribute to the stock's overall decline.