Why is Patanjali Foods falling/rising?

As of 04-September, Patanjali Foods Ltd is currently priced at 1,813.25, reflecting a decrease of 3.6 points or 0.2%. The stock has recently underperformed its sector by 0.95% and has experienced a trend reversal, falling after four consecutive days of gains. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in the longer term. However, the company has reported a significant drop in quarterly profit after tax, down 44.5% compared to the previous four-quarter average, alongside the lowest operating profit to net sales ratio at 3.61%. Additionally, 37.77% of promoter shares are pledged, which can exert downward pressure on the stock in a falling market.
In the broader market context, Patanjali Foods has shown a 2.30% gain over the past week, outperforming the Sensex, which increased by only 0.80%. However, the stock has underperformed over the last month with a decline of 2.65%, while the Sensex fell by just 0.37%. Year-to-date, the stock has a modest gain of 3.32%, closely matching the Sensex's performance of 3.30%. The company's strong ability to service debt and healthy long-term growth in net sales and operating profit are positive factors, but the high valuation relative to peers and the increase in pledged shares are significant concerns that may be contributing to the recent price decline.