Why is Patanjali Foods falling/rising?

As of 04-Aug, Patanjali Foods Ltd is currently priced at 1,861.00, showing no change (0.00%). The stock's performance today is inline with the sector, and it is trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages, although it is lower than the 5-day moving average. Notably, there has been a significant decline in investor participation, with delivery volume falling by 80.92% against the 5-day average. Over the past month, the stock has risen by 12.49%, while it has increased by 6.04% year-to-date and 8.98% over the past year, outperforming the broader market, which has generated negative returns of -2.89% and +0.05% respectively. The company has demonstrated strong financial health with a low Debt to EBITDA ratio of 0.95 times and consistent growth in net sales and operating profit, alongside positive results for the last four consecutive quarters.
In the broader market context, while the stock has shown resilience with an 8.98% return over the past year, it has faced challenges such as an expensive valuation indicated by a Price to Book Value of 5.9 and a decreasing promoter stake, which may reflect reduced confidence in the company's future. Despite these factors, the stock's ability to outperform the benchmark index, which has seen a decline, highlights its strong market position. However, the significant drop in delivery volume and the premium valuation compared to peers may raise concerns among investors, potentially influencing future price movements.