Why is Parle Industries falling/rising?

As of 30-Oct, Parle Industries Ltd is experiencing a decline in its stock price, currently at Rs. 9.68, which represents a decrease of Rs. 0.18 or 1.83%. The stock has hit a new 52-week low of Rs. 9.05 today and has been on a downward trend, having fallen for the last six consecutive days, resulting in a total decline of 4.82% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a rise in investor participation, with delivery volume increasing by 34.87% against the 5-day average, the overall performance remains weak, as evidenced by the stock's year-to-date decline of 64.29% compared to a positive return of 8.02% for the Sensex.
In the broader market context, Parle Industries' short-term performance has significantly underperformed the benchmark, with a 1-week return of -3.49% compared to the Sensex's slight decline of -0.18%. Over the past month, the stock has decreased by 4.54%, while the Sensex has gained 5.15%. This stark contrast highlights the challenges faced by Parle Industries in the current market environment, as it continues to struggle against both sector performance and broader market trends. The absence of any positive factors in the dashboard further emphasizes the difficulties the company is encountering, contributing to the ongoing decline in its stock price.