Why is D P Wires falling/rising?

As of 04-Sep, D P Wires Ltd is experiencing a decline in its stock price, currently at Rs 242.00, which represents a decrease of Rs 21.1 or 8.02%. Today, the stock opened with a gain of 7.58% and reached an intraday high of Rs 283.1, but it ultimately fell to its current low. The stock has shown high volatility today, with an intraday volatility of 7.33%, and has underperformed its sector by 7.24%. Over the past week, the stock has gained 8.33%, but it has a year-to-date decline of 26.84% and a one-year return of -40.60%. The company has reported negative results for the last seven consecutive quarters, with a significant drop in profit before tax and operating profit, contributing to its poor long-term growth outlook.
In the broader market context, while the Sensex has shown a slight increase of 0.80% over the past week, D P Wires has significantly underperformed, with a one-year return that is much worse than the market's decline of -4.38%. The stock's valuation is considered expensive compared to its peers, with a price-to-book value of 1.5 and a return on equity of 7.5%. Despite a low debt-to-equity ratio and rising investor participation, the overall negative financial performance and the company's inability to generate consistent profits have led to a lack of investor confidence, resulting in the stock's current downward trend.