Why is DEE Development falling/rising?

As of 07-Nov, DEE Development Engineers Ltd is experiencing a decline in its stock price, currently at Rs 233.00, which reflects a decrease of Rs 2.85 or 1.21%. The stock has been on a downward trend, losing value for the last three consecutive days and showing a total decline of 9.9% during this period. It has also underperformed significantly over the past week and month, with returns of -9.69% and -15.58%, respectively. The stock is trading below its moving averages across multiple time frames, indicating a bearish trend. Despite the company's positive financial performance, including a 53.79% annual growth in operating profit and positive results for the last three quarters, the stock's recent performance has not reflected these fundamentals, as it has generated a return of -14.16% over the past year.
In the broader market context, DEE Development's performance is notably weaker than the benchmark Sensex, which has shown a slight increase of 1.57% over the past month. The stock's decline contrasts sharply with the Sensex's performance, highlighting a significant underperformance in comparison to the market. Additionally, there has been a decrease in investor participation, with delivery volume falling by 4.53% against the five-day average, which may further contribute to the stock's downward pressure. Overall, while the company has strong long-term growth indicators, the recent price movements suggest a lack of investor confidence in the short term, exacerbated by broader market trends.