Why is Dai-ichi Karkari falling/rising?

As of 08-Sep, Dai-ichi Karkaria Ltd is experiencing a decline in its stock price, currently at Rs 276.60, reflecting a decrease of Rs 7.4 or 2.61%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 5.69% during this period. Additionally, it is trading below its moving averages across various time frames, indicating a bearish trend. Despite the company reporting positive results over the last three quarters, including a significant growth in net sales and profits, the stock has still generated a staggering return of -56.16% over the past year, highlighting a disconnect between its financial performance and market valuation.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -0.98% compared to the Sensex's gain of 0.53%. This underperformance is compounded by the company's long-term growth challenges, as evidenced by its annual growth rates in net sales and operating profit being relatively low over the past five years. While there has been an increase in investor participation, as indicated by a rise in delivery volume, the overall sentiment remains negative due to the stock's significant underperformance against both its peers and the broader market indices.