Why is Deepak Nitrite falling/rising?

As of 28-Aug, Deepak Nitrite Ltd. is experiencing a decline in its stock price, currently at Rs 1,808.00, which reflects a decrease of Rs 33.1 or 1.8%. The stock has fallen after two consecutive days of gains and is trading lower than its moving averages across various time frames. Additionally, it is close to its 52-week low, being only 1.52% away from Rs 1,780.5. Over the past week, the stock has shown a minimal decline of 0.05%, while its performance over the last month is down by 3.06%. The company has demonstrated poor long-term growth, with operating profit declining at an annual rate of -1.05% over the past five years, and recent financial results have shown significant drops in profit before tax and profit after tax compared to previous quarters.
In the broader market context, while the Sensex has declined by 2.34% over the past week, Deepak Nitrite's performance has been relatively better, indicating some resilience. However, the stock has underperformed the benchmark over longer periods, including a 37.19% decline over the past year. The company's high management efficiency and low debt-to-equity ratio are positive factors, but they are overshadowed by the negative trends in profitability and valuation, with a price-to-book value of 4.6 that is considered expensive compared to peers. This combination of poor financial performance and high valuation has contributed to the stock's downward movement.