Why is Patanjali Foods falling/rising?

As of 07-Aug, Patanjali Foods Ltd is currently priced at 1,820.00, reflecting a decline of 5.65 points or 0.31%. The stock has been underperforming, having fallen for three consecutive days, resulting in a total decline of 2.29% during this period. Additionally, the stock has underperformed its sector by 0.3% today. While the stock has shown positive long-term growth with a 10.30% increase over the past month and a significant 63.86% rise over the last three years, it has also experienced a recent drop in investor participation, with delivery volume decreasing by 66.81% compared to the five-day average. The company's strong financials, including a low Debt to EBITDA ratio and consistent positive quarterly results, are overshadowed by concerns regarding its high valuation and decreasing promoter confidence, as promoters have reduced their stake by 0.62%.
In the broader market context, Patanjali Foods has outperformed the benchmark Sensex over the past month, which has declined by 3.38%, while the stock has gained 10.30%. However, the stock's recent performance indicates a shift, as it has underperformed the benchmark by 3.31% over the past week. This combination of strong long-term growth metrics and recent declines in both stock performance and investor confidence suggests a complex situation where positive fundamentals are being countered by market sentiment and valuation concerns.