Why is DDev Plastiks falling/rising?

As of 31-Jul, DDev Plastiks Industries Ltd is experiencing a decline in its stock price, currently at 300.45, which represents a decrease of 6.45 (-2.1%). The stock has underperformed its sector today by 1.04% and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.81%. Over the past week, the stock has fallen by 7.62%, while it has shown a more favorable performance over the past month with a gain of 12.07%. However, the stock's one-year return is notably negative at -27.23%. Despite this, the company maintains a low debt-to-equity ratio of 0.05 and has demonstrated healthy long-term growth with an annual operating profit increase of 39.27%. The recent increase in institutional investor participation, which has risen by 0.63%, may provide some support for the stock, although the overall sentiment appears to be negative given the recent price movements and declining delivery volumes.
In the broader market context, the stock's performance has been notably worse than the benchmark Sensex, which has only declined by 1.22% over the past week. This underperformance highlights the challenges faced by DDev Plastiks in the current market environment. While the stock has shown strong returns over a three-year period, outperforming the Sensex significantly with a 765.97% increase, the recent trends indicate a struggle to maintain investor confidence. The combination of falling investor participation and the stock's inability to recover in the short term suggests that market conditions may be weighing heavily on DDev Plastiks, despite some positive long-term indicators.