Why is Parle Industries falling/rising?

As of 18-Sep, Parle Industries Ltd is currently priced at 10.04, reflecting a decrease of 0.03, or 0.3%. The stock has been underperforming, having lost 1.08% over the last three days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has seen a significant decline in performance over various periods, with a year-to-date drop of 62.97% and a one-month decline of 7.72%. Although there has been a rise in delivery volume by 65.04% against the 5-day average, the overall sentiment appears negative, as there are no positive factors available to counterbalance the stock's recent performance.
In the broader market context, Parle Industries has significantly underperformed compared to the Sensex, which has gained 1.80% over the past week and 2.14% over the past month. The stark contrast in performance is evident, with Parle Industries showing a year-to-date decline of 62.97%, while the Sensex has increased by 6.24%. This disparity indicates that investor sentiment towards Parle Industries is weak, especially as the stock continues to fall while the broader market trends upward.