Why is Deepak Nitrite falling/rising?

As of 03-Sep, Deepak Nitrite Ltd. is currently priced at 1,763.20, reflecting an increase of 3.45 (0.2%). Despite this slight uptick, the stock has recently faced challenges, hitting a new 52-week low of Rs. 1,746.5 earlier today. The stock has underperformed its sector by 1.16% and has been trading below its moving averages across various time frames. Over the past week, it has seen a decline of 4.23%, and its year-to-date performance shows a significant drop of 29.36%. While the company boasts a high management efficiency with a return on equity (ROE) of 22.90% and a low debt-to-equity ratio of 0.04, it has also reported poor long-term growth, with operating profit declining at an annual rate of -1.05% over the last five years. The recent negative financial results, including a 40.1% drop in profit before tax compared to previous quarters, have further contributed to investor concerns.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week decline of 4.23% compared to a minor drop of 0.27% in the Sensex. This underperformance is compounded by the stock's negative returns over the past year, which stand at -39.90%, while the Sensex has only declined by 2.41% during the same period. Although there has been a rise in investor participation, as evidenced by a 70.72% increase in delivery volume, the overall sentiment remains cautious due to the company's recent financial struggles and its expensive valuation relative to peers.