Why is Patanjali Foods falling/rising?

As of 03-Sep, Patanjali Foods Ltd is currently priced at 1,816.85, reflecting an increase of 11.65 or 0.65%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 2.5% during this period. It has outperformed its sector by 1.13% today, and it is trading above all its moving averages, indicating positive momentum. However, the company faces challenges, including a significant decline in quarterly profit after tax, which fell by 44.5% compared to the previous four-quarter average. Additionally, the stock is trading at a premium relative to its peers, and a high percentage of promoter shares are pledged, which can exert downward pressure in a falling market.
In the broader market context, Patanjali Foods has outperformed the Sensex over the past week, with a return of +0.89% compared to the benchmark's -0.27%. Year-to-date, the stock has also shown a positive return of 3.52%, slightly ahead of the Sensex's 3.11%. Despite these positive short-term movements, the stock's performance over the past year has been negative, with a decline of 6.58%, which contrasts with a profit increase of 29.6%. This discrepancy, along with the high PEG ratio of 1.8, suggests that while the stock may be experiencing short-term gains, underlying financial metrics and market conditions could pose risks for future performance.