Why is D-Link India falling/rising?

As of 01-Aug, D-Link India Ltd's stock price is currently at Rs 503.50, reflecting a decline of Rs 11.5 or 2.23%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 3.28% during this period. Today's performance indicates that it underperformed its sector by 3.61%. Over the past month, the stock has decreased by 10.92%, while year-to-date it has declined by 7.74%. Despite these recent downturns, the company has shown strong fundamentals, including a high inventory turnover ratio and significant cash reserves, which suggest a solid operational performance. However, the stock is currently trading below its 5-day, 20-day, and 50-day moving averages, indicating a bearish trend.
In the broader market context, D-Link India’s short-term performance contrasts with the benchmark Sensex, which has declined by 1.06% over the past week and 3.70% over the past month. While the stock has experienced a notable drop, it has outperformed the Sensex over a three-year period, gaining 195.31% compared to the benchmark's 38.69%. The stock's high dividend yield of 3.88% may attract some investors, but the falling investor participation, evidenced by a 35.18% drop in delivery volume, suggests a lack of confidence in the stock's near-term prospects. Overall, while the company maintains strong financial metrics, the recent price movements reflect broader market pressures and investor sentiment.