Why is Deepak Nitrite falling/rising?

As of 29-Aug, Deepak Nitrite Ltd. is experiencing a decline in its stock price, currently at Rs 1,793.70, which reflects a decrease of Rs 14.3 or 0.79%. The stock has been underperforming, having fallen consecutively for the last two days with a total return of -2.57% during this period. It is also trading close to its 52-week low, just 0.74% away from Rs 1,780.5. The stock's performance over the past month shows a decline of 3.82%, and it has significantly underperformed against the benchmark Sensex, which has only decreased by 1.88%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. Despite high management efficiency and low debt levels, the company's long-term growth prospects appear poor, with operating profit declining over the past five years and recent negative quarterly results contributing to a negative sentiment among investors.
In the broader market context, Deepak Nitrite's short-term performance has been worse than the benchmark, with a 1-week return of -0.67% compared to the Sensex's -1.84%. This consistent underperformance against the benchmark over the last three years, alongside a significant drop in profits and a high valuation relative to peers, has likely contributed to the stock's downward movement. The falling investor participation, as evidenced by a 38.39% drop in delivery volume, further suggests a lack of confidence in the stock's future performance. Overall, the combination of negative financial results, high valuation concerns, and weak market sentiment is driving the stock lower.