Why is Deepak Nitrite falling/rising?

As of 14-Aug, Deepak Nitrite Ltd. is experiencing a decline in its stock price, currently at Rs 1,831.50, which represents a decrease of Rs 42.0 or 2.24%. The stock has underperformed its sector by 2.29% today and opened with a loss of 3.39%. It has also touched an intraday low of Rs 1,785, which is 4.72% lower than its previous close. Over the past week, the stock has shown a slight increase of 0.36%, but it has significantly underperformed over the longer term, with a year-to-date decline of 26.62% and a one-year return of -35.66%. The company's operating profit growth has been stagnant, and recent financial results have shown a substantial decline in profit before tax and profit after tax compared to previous quarters, contributing to negative sentiment around the stock.
In the broader market context, while the Sensex has remained relatively flat with a slight decrease of 0.03% over the past week, Deepak Nitrite's performance has been notably worse, particularly in the long term, where it has underperformed the benchmark indices over various periods. The company's high institutional holdings indicate some level of confidence from larger investors, but the overall poor long-term growth prospects, coupled with an expensive valuation relative to its peers, have led to a lack of investor interest. The stock's recent trend reversal after three days of gains and falling investor participation further highlight the challenges it faces in regaining momentum in a market that is not favoring it.