Why is D P Wires falling/rising?

As of 08-Jul, D P Wires Ltd is experiencing a decline in its stock price, currently at Rs 237.75, which reflects a decrease of Rs 8.45 or 3.43%. Today's price performance indicates that the stock has underperformed its sector by 3.17% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 232.55, marking a significant drop of 5.54%. Over the past month, the stock has decreased by 8.54%, and it has shown a substantial year-to-date decline of 28.13%. The company's financial health is concerning, with a reported 38.8% drop in profits over the past year and negative results for the last six consecutive quarters, leading to a significant underperformance compared to the broader market.
In the broader market context, while the Sensex has shown a slight increase of 0.02% over the past week, D P Wires has lagged behind with a modest gain of only 0.38%. The stock's long-term growth prospects appear weak, as indicated by a mere 1.21% annual growth rate in operating profit over the last five years. Additionally, the stock is trading at a premium compared to its peers, which may deter potential investors. Overall, the combination of poor financial results, significant declines in net sales, and a lack of investor confidence contributes to the stock's downward trajectory in the market.