Why is DDev Plastiks falling/rising?

As of 30-Jul, DDev Plastiks Industries Ltd is experiencing a decline in its stock price, currently at Rs 306.90, reflecting a decrease of Rs 2.25 or 0.73%. Today's price summary indicates that the stock opened lower, down 2.44%, and reached an intraday low of Rs 301.6. Over the past week, the stock has underperformed the sector by 1.77%, and its delivery volume has significantly decreased by 72.71% compared to the 5-day average, suggesting a drop in investor participation. Despite a positive long-term growth outlook with an annual operating profit growth rate of 39.27% and a low debt-to-equity ratio, the stock has faced challenges, including a year-to-date return of 11.46% but a troubling 1-year return of -28.58%.
In the broader market context, DDev Plastiks' recent performance contrasts with the benchmark Sensex, which has seen a decline of 1.50% over the past week. While the stock has shown strong growth over three years with a return of 784.57%, the recent downturn may be influenced by falling investor participation and a significant drop in delivery volumes. Institutional investors have increased their stake, indicating some confidence in the company's fundamentals, but the overall market sentiment appears cautious, reflected in the stock's current underperformance relative to both its sector and the broader market.