Why is Parle Industries falling/rising?

As of 19-Sep, Parle Industries Ltd's stock price is currently at 10.15, reflecting an increase of 0.11 or 1.1%. The stock has shown a trend reversal by gaining after three consecutive days of decline, outperforming its sector by 1.5% today. However, despite this short-term uptick, the stock has experienced a significant decline of 62.56% year-to-date and a 37.38% drop over the past year. The stock's moving averages indicate that while it is higher than the 5-day and 20-day averages, it remains below the longer-term averages, suggesting ongoing weakness. Additionally, the delivery volume has decreased by nearly 20% compared to the 5-day average, indicating falling investor participation. The company's fundamentals are weak, with a low return on equity and poor debt servicing ability, contributing to its classification as a strong sell.
In the broader market context, Parle Industries' short-term performance of +0.50% over the past week is slightly below the benchmark Sensex, which has risen by 0.88% in the same period. This underperformance is compounded by the stock's long-term struggles, as it has lagged behind the BSE500 over various time frames, including the last three years and one year. Despite a recent increase in stock price, the overall sentiment remains negative due to the company's weak financial fundamentals and poor historical performance relative to its peers.