Why is D-Link India falling/rising?

As of 23-Sep, D-Link India Ltd's stock price is currently at 496.60, reflecting a decrease of 2.2, or 0.44%. The stock has been underperforming recently, with a consecutive decline over the last two days, resulting in a total drop of 1.23%. In the past week, the stock has fallen by 2.52%, while it has shown a modest increase of 2.60% over the past month. Despite a high dividend yield of 3.99% and healthy long-term growth in operating profit at an annual rate of 34.04%, the stock's performance has been hindered by a significant drop in investor participation, as evidenced by a 51.9% decrease in delivery volume compared to the five-day average. Additionally, the company has faced challenges with flat results in its latest quarterly earnings, showing declines in both profit before tax and profit after tax compared to previous quarters.
Broader market context indicates that D-Link India has significantly underperformed the benchmark, with a one-year return of -25.60% compared to the Sensex's decline of only 3.33%. This stark contrast highlights the stock's struggles in attracting domestic mutual funds, which hold no stake in the company, potentially signaling a lack of confidence in its valuation or business prospects. While the stock has outperformed its sector today by 1.14%, the overall trend remains negative, especially given its year-to-date performance of -9.01% against the Sensex's positive return of 5.07%. The combination of these factors suggests that despite some positive attributes, the stock's recent price movement is primarily influenced by negative sentiment and underperformance relative to the broader market.