Why is Tasty Bite Eat. falling/rising?

As of 22-Aug, Tasty Bite Eatables Ltd is experiencing a decline in its stock price, currently at 9,779.00, which reflects a decrease of 44.0 points or 0.45%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 2.31% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these declines, there has been a notable increase in investor participation, with delivery volume rising by 402.44% compared to the 5-day average. Over the past year, Tasty Bite has generated a return of -33.64%, significantly underperforming against the benchmark Sensex, which has seen a modest increase of 0.31%.
In the broader market context, Tasty Bite's recent performance contrasts sharply with the Sensex, which has gained 0.88% over the past week and 4.05% year-to-date. While the company has reported positive financial results over the last three quarters, including a substantial growth in net profit and sales, the stock's overall performance remains weak. The PEG ratio of 0.5 suggests that the stock is undervalued relative to its earnings growth, yet the significant drop in stock price over the past year indicates that market sentiment may not fully reflect these positive financial indicators. The combination of declining stock performance, despite strong earnings growth, suggests that investor confidence may be wavering, contributing to the stock's current downward trajectory.