Why is D-Link India falling/rising?

As of 29-Aug, D-Link India Ltd's stock price is currently at Rs 474.50, reflecting a decline of Rs 5.45 or 1.14%. Today's price summary indicates that the stock underperformed its sector by 1.77% and opened with a loss of 2.89%, reaching an intraday low of Rs 466.1. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. Over the past week, the stock has decreased by 1.96%, and it has shown a significant decline of 19.63% over the past year, despite a 10.2% increase in profits. The company has a high dividend yield of 4.2%, but the low participation from domestic mutual funds, which hold 0% of the company, may indicate a lack of confidence in its current valuation.
In the broader market context, D-Link India has underperformed compared to the benchmark, with a year-to-date return of -13.06% against a positive return of 2.14% for the Sensex. The stock's performance over the last month has also been poor, with a decline of 7.50% compared to the benchmark's drop of 1.88%. This underperformance, coupled with flat quarterly results and a significant fall in profit before tax and profit after tax compared to previous quarters, contributes to the negative sentiment surrounding the stock. Despite its attractive valuation metrics, such as a low debt-to-equity ratio and a healthy operating profit growth rate, the overall market perception remains cautious, leading to the stock's current downward trajectory.