Why is Dai-ichi Karkari falling/rising?

As of 28-Jul, Dai-ichi Karkaria Ltd is currently priced at 348.80, reflecting a decrease of 3.2 points or 0.91%. The stock has been experiencing a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 1.47% during this period. It also reached an intraday low of Rs 339, which represents a drop of 3.69%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant growth in net profit and positive results over the last two quarters, the stock has generated a return of -53.59% over the past year, indicating a disconnect between its strong financial performance and market perception.
In the broader market context, Dai-ichi Karkaria's short-term performance has outperformed the benchmark Sensex, which has declined by 1.59% over the past week while the stock itself has decreased by only 1.19%. However, the stock's year-to-date performance shows a decline of 11.38%, contrasting sharply with the Sensex's gain of 3.52%. The significant drop in delivery volume, which fell by 80.5% against the 5-day average, suggests a lack of investor interest, further contributing to the stock's downward movement. While the company maintains a low debt-to-equity ratio and has shown impressive profit growth, these positive factors have not translated into a stable stock price, indicating ongoing challenges in market confidence.