Why is D-Link India falling/rising?

As of 23-Jul, D-Link India Ltd is currently priced at 516.75, reflecting a decrease of 3.45 (-0.66%). The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 1.36% during this period. Despite opening with a gain of 2.26% today and reaching an intraday high of Rs 531.95, the stock's performance has been hindered by a significant drop in investor participation, with delivery volume decreasing by 33.75% compared to the five-day average. Additionally, the stock has shown negative returns over various periods, including a 5.31% decline year-to-date and a 12.87% drop over the past year, despite a rise in profits by 12.6%. The company maintains a high dividend yield of 3.84%, which may attract some investors, but overall, the stock's recent movements indicate a struggle against broader market trends.
In the broader market context, D-Link India's short-term performance has significantly lagged behind the benchmark Sensex, which has gained 0.11% over the past week while D-Link has dropped 5.13%. This underperformance is compounded by the stock's negative returns over the past month and year, contrasting sharply with the Sensex's positive returns of 1.01% and 2.86%, respectively. The company's low debt-to-equity ratio and attractive valuation metrics, such as a return on equity of 21.9 and a price-to-book value of 3.9, suggest some underlying strength. However, the overall market sentiment and recent declines in trading volume indicate that investor confidence may be waning, contributing to the stock's current downward trajectory.