Why is Patanjali Foods falling/rising?

As of 08-Aug, Patanjali Foods Ltd is experiencing a decline in its stock price, currently at Rs 1,807.60, which reflects a decrease of Rs 12.4 or 0.68%. The stock has been on a downward trend for the past four days, resulting in a total decline of 2.95% during this period. Despite outperforming its sector by 0.48% today, the stock's delivery volume has significantly decreased by 50.3% compared to its five-day average, indicating falling investor participation. Over the past week, the stock has underperformed with a return of -2.85%, while it has shown a positive return of 10.06% over the past month. The company's strong financial metrics, including a low Debt to EBITDA ratio and healthy growth in net sales and operating profit, contrast with concerns over its high valuation and decreasing promoter confidence, as promoters have reduced their stake by 0.62%.
In the broader market context, the Sensex has also experienced a slight decline of 0.92% over the past week, suggesting that the market conditions are somewhat challenging. However, Patanjali Foods' recent performance has been notably better than the benchmark over the last month, where it gained 10.06% compared to the Sensex's drop of 4.60%. This indicates that while the stock is facing short-term pressures, it has shown resilience in the longer term, with a year-to-date return of 3.00% compared to the Sensex's 2.20%. The combination of strong financial results and growth potential is being overshadowed by concerns regarding valuation and promoter confidence, contributing to the current price decline.