Why is D-Link India falling/rising?

As of 24-Sep, D-Link India Ltd's stock price is currently at Rs 483.85, reflecting a decrease of Rs 9.25 or 1.88%. The stock has been underperforming, having fallen for three consecutive days, resulting in a total decline of 3.77% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock's performance over the past year shows a significant decline of 26.64%, compared to the Sensex's drop of only 3.77%. Despite a healthy operating profit growth rate of 34.04% and a high dividend yield of 4.04%, the stock's recent performance has been negatively impacted by flat quarterly results and a lack of interest from domestic mutual funds, which hold no stake in the company.
In the broader market context, D-Link India's short-term performance has been notably worse than the benchmark, with a 1-week decline of 3.55% compared to the Sensex's 1.18% drop. This underperformance is further highlighted by the stock's year-to-date return of -11.34%, contrasting with the Sensex's gain of 4.58%. 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 3.6, suggest potential for long-term growth. However, the significant disparity in performance relative to the market and the lack of confidence from institutional investors may contribute to the stock's downward trajectory.