Why is Parle Industries falling/rising?

As of 22-Sep, Parle Industries Ltd is experiencing a decline in its stock price, currently at 10.09, down by 0.06 or 0.59%. The stock has shown mixed performance recently, with a 1-week return of -0.69% and a 1-month return of +5.54%. Today's price summary indicates that the stock has outperformed its sector by 2.02%, despite the IT - Software sector falling by 2.6%. Additionally, the stock's delivery volume has increased by 38.66% compared to the 5-day average, suggesting rising investor participation. However, the stock is currently trading below several moving averages, which may indicate a lack of upward momentum. There is no information available regarding positive or negative factors that could further clarify the stock's recent movement.
Broader Market Context: In comparison to the benchmark, the Sensex has performed better in the short term, with a 1-week return of +0.46% while Parle Industries has declined. Year-to-date, Parle Industries has significantly underperformed, with a return of -62.78% compared to the Sensex's +5.15%. This stark contrast highlights the challenges faced by Parle Industries in the current market environment, despite some positive indicators such as increased trading volume and sector outperformance today.