Why is DDev Plastiks falling/rising?

As of 14-Nov, DDev Plastiks Industries Ltd is experiencing a decline in its stock price, currently at Rs 274.85, which reflects a decrease of Rs 13.6 or 4.71%. The stock has underperformed its sector by 4.66% today and has been on a consecutive downward trend for the last two days, accumulating a total drop of 5.35%. Intraday, the stock reached a high of Rs 294.5 but also fell to a low of Rs 268.1, indicating high volatility with an intraday fluctuation of 6%. Over the past week, the stock has decreased by 4.63%, and on a monthly basis, it has fallen by 9.71%, contrasting sharply with the Sensex, which has gained 1.62% and 3.09% respectively. Despite a low debt-to-equity ratio and healthy long-term growth in operating profit, the stock's performance has been hindered by declining investor participation and trading below all key moving averages.
In the broader market context, DDev Plastiks' short-term performance is significantly lagging behind the Sensex, which suggests that investor sentiment may be more favorable towards the broader market. While the company has shown positive financial indicators, such as a 23.17% growth in net sales and a strong return on equity of 23.4%, these factors have not translated into stock price stability or growth in the short term. The stock's year-to-date return is nearly flat at -0.18%, while the Sensex has risen by 8.22%, highlighting a disconnect between the company's financial health and market performance. This divergence may be contributing to the stock's current downward trend.