Why is Deepak Nitrite falling/rising?

As of 05-Sep, Deepak Nitrite Ltd. is currently priced at 1,752.00, reflecting a slight increase of 2.9 (0.17%). Despite this minor uptick, the stock has been underperforming significantly, with a 1-week return of -2.32% and a 1-month return of -3.97%. The stock is also close to its 52-week low, just 0.31% away from Rs 1,746.5. It is trading below its moving averages across various timeframes, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 47.52% against the 5-day average. While the company boasts high management efficiency and low debt levels, it faces challenges such as poor long-term growth, negative quarterly results, and a high valuation compared to peers, which contribute to its weak performance.
In the broader market context, Deepak Nitrite's recent performance contrasts sharply with the Sensex, which has gained 1.13% over the past week. The stock has generated a staggering -41.60% return over the last year, while the Sensex has only declined by 1.81% during the same period. This underperformance is further highlighted by the stock's negative returns over the past three years and its inability to keep pace with the broader market indices. The combination of weak financial results and a high price-to-book ratio suggests that investors may be cautious, leading to a lack of confidence in the stock's future performance.