Why is DDev Plastiks falling/rising?

As of 25-Jul, DDev Plastiks Industries Ltd is experiencing a decline in its stock price, currently at Rs 309.40, which reflects a decrease of Rs 15.85 or 4.87%. Today's price summary indicates that the stock has underperformed its sector by 3.57% and has fallen after two consecutive days of gains, touching an intraday low of Rs 308.85. The stock's performance over the past week shows a decline of 4.08%, while it has seen a more favorable return of 13.23% over the past month. Despite a negative one-year return of 26.87%, the company has shown healthy long-term growth with an annual operating profit increase of 39.27%. The stock's valuation appears attractive with a Price to Book Value of 4.9, and it has a low Debt to Equity ratio, suggesting stability.
In the broader market context, the Sensex has only decreased by 0.36% over the past week, indicating that DDev Plastiks' short-term performance is lagging behind the benchmark. While the stock has shown a positive return of 12.37% year-to-date compared to the Sensex's 4.25%, the recent decline may be attributed to a trend reversal after previous gains and increased selling pressure. The rising investor participation, with a notable increase in delivery volume, suggests some interest in the stock, but the overall market sentiment appears to be weighing on its price.