Why is Dai-ichi Karkari falling/rising?

As of 24-Jul, Dai-ichi Karkaria Ltd is experiencing a decline in its stock price, currently at 352.55, which reflects a decrease of 1.45 or 0.41%. The stock has underperformed its sector by 0.26% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 5.22%, and it has seen a significant decline of 10.75% over the past month. Additionally, the delivery volume has fallen drastically by 87.59% compared to the 5-day average, indicating a decrease in investor participation. Despite the company reporting a remarkable growth in net profit of 157.07% and positive results for the last two consecutive quarters, the stock has still generated a return of -52.99% over the past year.
In the broader market context, the Sensex has shown a minimal decline of 0.09% over the past week and a slight increase of 0.16% over the past month, contrasting with Dai-ichi Karkaria's more significant downturn. While the company has a low debt-to-equity ratio and is trading at a discount compared to its peers, the substantial drop in stock price suggests that investor sentiment remains negative despite the positive financial results. The stock's performance over the last three years shows a gain of 15.46%, but this is overshadowed by the recent poor performance relative to the benchmark, which has gained 46.57% in the same period.