Why is Parle Industries falling/rising?

As of 17-Sep, Parle Industries Ltd is currently priced at 10.07, reflecting a decrease of 0.02, or 0.2%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 0.89% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, while there has been a rise in delivery volume by 43.48% compared to the 5-day average, the stock's long-term fundamentals are weak, characterized by a low return on equity (ROE) of 0.05% and a negative EBIT to interest ratio of -0.09. This suggests that the company's financial health is not robust, contributing to its recent price decline.
In the broader market context, Parle Industries has underperformed significantly compared to the Sensex, with a 1-week return of -0.40% against the benchmark's gain of +1.56%. Over the past month, the stock has declined by 6.67%, while the Sensex has increased by 2.60%. This stark contrast highlights the stock's struggles relative to the overall market. Despite the stock trading at a discount compared to its peers, its weak fundamentals and lack of institutional support suggest that investor sentiment remains negative, further driving the stock's decline.