Why is Patanjali Foods falling/rising?

As of 20-Aug, Patanjali Foods Ltd's stock price is currently at 1,815.55, reflecting an increase of 25.55, or 1.43%. The stock has been gaining for the last three days, with a total return of 2.67% during this period. However, it has underperformed its sector by 0.82% today. In terms of longer-term performance, the stock has shown a year-to-date return of 3.45%, but it has declined by 6.61% over the past month. While the company has a strong ability to service debt and healthy long-term growth in net sales and operating profit, it faces challenges such as a significant drop in quarterly profit and a high price-to-book ratio compared to peers, which may contribute to investor caution.
Broader market context indicates that the stock's short-term performance has lagged behind the benchmark Sensex, which has gained 1.64% over the past week. The FMCG sector, in which Patanjali operates, has also seen a rise of 2.24%. However, the stock's declining delivery volume, which fell by 61.07% against the five-day average, suggests a decrease in investor participation. Additionally, the increase in pledged promoter shares may exert downward pressure on the stock price in a falling market, further complicating its outlook amidst a generally positive sector performance.