Why is D P Wires falling/rising?

As of 26-Sep, D P Wires Ltd is experiencing a decline in its stock price, currently at Rs 241.80, which reflects a decrease of Rs 4.25 or 1.73%. The stock has been on a downward trend, losing value for the last eight consecutive days and recording a total decline of 12.58% during this period. Today's trading saw the stock reach an intraday low of Rs 237.5, and the volume traded was more concentrated around this lower price point. The stock's performance over the past week shows a significant drop of 10.16%, while it has also underperformed over the past year with a return of -41.69%. The company's financial health is concerning, as it has reported negative results for the last seven quarters, with a substantial decline in profits and a very expensive valuation compared to its peers.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 2.66% over the past week. This indicates that D P Wires Ltd is underperforming the market significantly. The company's poor long-term growth prospects, highlighted by an annual operating profit decline of 4.48% over the last five years, and a low return on capital employed (ROCE) of 11.37%, contribute to investor skepticism. Additionally, the stock's high price-to-book value ratio and the fact that it has generated negative returns while the broader market has only slightly declined further emphasize its struggles. Overall, these factors suggest that the stock's recent price movement is driven by a combination of poor financial performance and declining investor confidence.