Why is DCM Nouvelle falling/rising?

As of 24-Jul, DCM Nouvelle Ltd's stock price is currently at Rs 188.35, reflecting a decrease of Rs 4.05, or 2.1%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.39% during this period. Despite opening with a gain of 8.84% today and reaching an intraday high of Rs 209.4, it has also experienced significant volatility, trading within a wide range of Rs 22.2. The stock's performance over the past week shows a slight increase of 0.19%, but it has underperformed the benchmark Sensex, which has seen a marginal decline of 0.09%. Additionally, the stock has generated a negative return of 24.64% over the past year, despite a substantial increase in profits of 359.3%, indicating a disconnect between stock performance and underlying financial health.
Broader market context reveals that DCM Nouvelle's recent struggles are compounded by weak long-term fundamentals, including a low average Return on Capital Employed (ROCE) of 3.48% and a high Debt to EBITDA ratio of 7.87 times, which raises concerns about the company's ability to service its debt. While the stock is trading at a discount compared to its peers and has shown impressive profit growth in the short term, its overall performance has lagged behind the broader market, particularly in the long term, where it has underperformed the BSE500 index over multiple time frames. This combination of factors contributes to a bearish sentiment surrounding the stock, leading to its current decline.