Why is Deepak Nitrite falling/rising?

As of 06-Aug, Deepak Nitrite Ltd. is experiencing a decline in its stock price, currently at Rs 1,813.30, which reflects a decrease of Rs 11.05 or 0.61%. The stock has underperformed its sector by 0.7% today and is trading below all key moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 1.81% away from Rs 1,780.5. Over the past week, the stock has dropped by 3.97%, and its year-to-date performance shows a significant decline of 27.35%. The company's operating profit growth has been stagnant at an annual rate of 0.26% over the last five years, and its recent financial results indicate a 24.48% decrease in profit after tax. Despite a high return on equity (ROE) of 22.90% and low debt levels, the stock's valuation remains high compared to its peers, contributing to its negative performance.
In the broader market context, the Sensex has shown a decline of only 1.15% over the past week, indicating that Deepak Nitrite's performance is significantly worse than the overall market. The stock's long-term returns have also been disappointing, with a 39.86% drop over the past year, contrasting sharply with the Sensex's 2.48% gain during the same period. This underperformance is compounded by a 50.05% drop in delivery volume, suggesting a decrease in investor interest. While institutional holdings are relatively high at 29.3%, indicating some confidence from larger investors, the overall sentiment remains negative due to the company's flat growth and high valuation, leading to a cautious outlook among potential buyers.