Why is DEE Development falling/rising?

As of 03-Jul, DEE Development Engineers Ltd is currently priced at Rs 319.50, reflecting a decrease of Rs 2.9 or 0.9%. Today's performance indicates that the stock has underperformed its sector by 1.55%, despite reaching an intraday high of Rs 330, which represents a 2.36% increase at that point. Over the past week, the stock has shown a positive return of 2.09%, and over the last month, it has increased by 11.87%. However, it has generated a negative return of 4.58% over the past year. Notably, the company has demonstrated healthy long-term growth, with operating profit rising at an annual rate of 53.79%, and institutional investors have increased their stake, indicating confidence in the company's fundamentals.
Broader Market Context: In comparison to the benchmark Sensex, which has decreased by 0.62% over the past week, DEE Development's short-term performance is relatively strong. However, the stock's year-to-date return of 4.31% lags behind the Sensex's 6.53%. The liquidity of the stock remains adequate, with a delivery volume increase of 11.79% against the 5-day average, suggesting rising investor participation. Despite the recent decline in price, the fundamentals appear solid, with significant profit growth and a fair valuation, which may support future price recovery.