Why is Cyient DLM falling/rising?

As of 26-Aug, Cyient DLM Ltd's stock is currently priced at 427.80, reflecting a decline of 12.45 points or 2.83%. The stock has underperformed its sector by 1.2% today and has experienced consecutive falls over the last two days, totaling a decrease of 3.81%. In terms of returns, the stock has seen a significant drop of 7.32% over the past month and a staggering 45.55% decline over the past year. Additionally, the company's recent financial performance has been poor, with net sales falling by 26.7% and profit after tax decreasing by 56.2% compared to previous quarters. Despite a low debt-to-equity ratio and high institutional holdings, the stock's weak operating profit growth and high valuation metrics contribute to its negative performance.
In the broader market context, Cyient DLM's short-term performance is notably worse than the benchmark, with a 1-week return of -3.19% compared to the Sensex's -1.05%. This underperformance is indicative of broader challenges faced by the company, especially given its negative returns over various periods, including a 35.96% decline year-to-date. The stock's liquidity appears adequate for trading, but the falling investor participation and the stock trading below all major moving averages suggest a lack of confidence among investors. Overall, the combination of poor financial results and underperformance relative to the market has led to the stock's decline.