Why is DCM Nouvelle falling/rising?

As of 23-Jul, DCM Nouvelle Ltd's stock price is currently at Rs 192.40, reflecting a decline of Rs 3.15 or 1.61%. The stock has been underperforming recently, having fallen consecutively for the last two days, with a total drop of 2.34% during this period. Today's trading saw the stock reach an intraday low of Rs 184.85, indicating a significant decline of 5.47%. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decrease in investor participation, with delivery volume dropping by 19.32% compared to the 5-day average. While the stock has shown positive results in terms of profit growth and is trading at a discount compared to peers, it has also faced challenges, including a weak long-term fundamental strength and high debt levels.
In the broader market context, DCM Nouvelle's short-term performance has been relatively strong, with a 1-week return of 3.44%, compared to a modest 0.11% increase in the Sensex. However, over the longer term, the stock has underperformed significantly, with a year-to-date return of -7.05% against a 5.87% gain in the benchmark index. This underperformance is compounded by the company's weak long-term growth metrics, including a low average Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio, which raises concerns about its ability to service debt. Overall, while there are some positive indicators, the combination of recent price declines, reduced investor interest, and long-term fundamental weaknesses suggests a challenging outlook for DCM Nouvelle Ltd.