Why is Cyient DLM falling/rising?

As of 25-Sep, Cyient DLM Ltd's stock price is currently at 451.15, reflecting a decrease of 4.8 or 1.05%. The stock has been underperforming, having lost 5.88% over the last four days and is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has shown a significant decline in investor participation, with delivery volume dropping by 58.16% compared to the five-day average. The company's financial performance has also raised concerns, with net sales falling by 26.7% and profit after tax decreasing by 56.2% compared to the previous quarter averages. Despite having a low debt-to-equity ratio and high institutional holdings, the overall sentiment remains negative due to poor long-term growth prospects and an expensive valuation relative to its earnings.
In the broader market context, Cyient DLM's recent performance has been notably worse than the benchmark, with a one-week return of -5.54% compared to the Sensex's -2.23%. This underperformance is compounded by the stock's year-to-date decline of 32.46%, contrasting sharply with the Sensex's gain of 3.87%. The stock's inability to generate positive returns over the past year, coupled with its significant underperformance against the BSE500 index, further highlights the challenges it faces in the current market environment.