Why is Deepak Nitrite falling/rising?

As of 20-Aug, Deepak Nitrite Ltd. is experiencing a decline in its stock price, currently at Rs 1,813.00, which reflects a decrease of Rs 2.0 or 0.11%. The stock has been trading in a narrow range and is currently 1.79% away from its 52-week low. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has shown poor performance over various periods, with a 1-week return of -3.23% and a year-to-date return of -27.36%. The company has also seen a significant drop in investor participation, with delivery volume falling by 69.08% compared to the 5-day average. While the company boasts high management efficiency and low debt, it has faced challenges such as declining operating profits and a high valuation relative to its peers, contributing to its recent price movement.
In the broader market context, the Sensex has increased by 1.64% over the past week, contrasting sharply with Deepak Nitrite's negative return. This underperformance is indicative of the stock's struggles, as it has consistently lagged behind the benchmark indices over the past year and three years. The company's negative results, particularly a significant drop in profit before tax and profit after tax in the latest quarter, further exacerbate its challenges. Despite high institutional holdings, which typically suggest confidence in the company's fundamentals, the overall sentiment remains weak due to the company's poor long-term growth prospects and declining profitability, leading to its current downward trajectory.