Why is Deepak Nitrite falling/rising?

As of 05-Aug, Deepak Nitrite Ltd. is currently priced at 1,824.05, reflecting an increase of 6.85 or 0.38%. The stock has shown a trend reversal, gaining after three consecutive days of decline. However, it is still trading below its moving averages across various time frames, indicating a bearish trend. The stock is 2.39% away from its 52-week low and has experienced a significant decline of 26.92% year-to-date and 38.30% over the past year. Despite high management efficiency, indicated by a return on equity (ROE) of 22.90%, and a low debt-to-equity ratio of 0.04, the company has faced poor long-term growth, with operating profit growing at only 0.26% annually over the last five years. Additionally, the stock's valuation appears expensive, trading at a premium compared to its peers, which may deter potential investors.
In the broader market context, Deepak Nitrite's short-term performance has been relatively poor compared to the benchmark Sensex, which has declined by only 0.77% over the past week while Deepak Nitrite fell by 2.19%. The stock's underperformance is further highlighted by its negative returns over the past month and year, contrasting sharply with the Sensex's positive return of 3.29% year-to-date. The falling investor participation, as evidenced by a decrease in delivery volume, suggests a lack of confidence among retail investors, which could contribute to the stock's struggles in the market. Overall, while there are some positive factors, the negative trends and poor performance metrics are likely influencing the stock's recent price movements.