Why is Cyient DLM falling/rising?

As of 29-Aug, Cyient DLM Ltd's stock price is currently at 421.40, reflecting a slight decrease of -0.05 (-0.01%). The stock has been experiencing a downward trend, having lost -5.25% over the past week and -6.52% over the past month. It has also been trading below its moving averages across various time frames, indicating a bearish sentiment. Despite a significant increase in delivery volume by 213.21% on August 28, the company's financial performance has raised concerns. The recent quarterly results show a substantial decline in net sales and profit after tax, with net sales falling by -26.7% and PAT declining by -56.2% compared to the previous four-quarter average. Additionally, the company has a low debt-to-equity ratio and high institutional holdings, but these factors have not been sufficient to offset the negative sentiment surrounding its poor long-term growth prospects, as evidenced by a -44.10% return over the past year.
In the broader market context, Cyient DLM's performance has been notably worse than the benchmark, with the Sensex declining only -1.84% over the past week and -1.88% over the past month. This stark contrast highlights the stock's underperformance relative to the market. The company's weak operating profit growth and high valuation metrics, such as a price-to-book value of 3.5, further contribute to the negative outlook. Overall, the combination of poor financial results, declining stock performance, and underwhelming growth prospects has led to a bearish sentiment surrounding Cyient DLM, resulting in its current price decline.