Why is Deep Industries falling/rising?

As of 11-Nov, Deep Industries Ltd is experiencing a decline in its stock price, currently at Rs 475.25, which reflects a decrease of Rs 20.7 or 4.17%. The stock has underperformed its sector by 4.25% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 6.82%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a healthy long-term growth rate in operating profit and positive results over the last six quarters, the stock's valuation appears expensive, with a low return on equity and a high price-to-book ratio compared to its peers, contributing to investor caution.
In the broader market context, Deep Industries' short-term performance has been notably poor, with a 1-week return of -4.26%, while the benchmark Sensex has gained 0.49% during the same period. This stark contrast highlights the stock's struggle against market trends. Although there has been an increase in institutional investor participation, which could signal confidence in the company's fundamentals, the overall negative sentiment surrounding its valuation and recent price movements suggests that investors are currently more cautious.