Why is Deepak Nitrite falling/rising?

As of 12-Sep, Deepak Nitrite Ltd. is experiencing a slight decline in its stock price, currently at Rs 1,749.65, which reflects a decrease of -1.35 or -0.08%. The stock has underperformed its sector today by -0.96% and is close to its 52-week low, being only 0.97% away from Rs 1,732.7. Over the past week, the stock has seen a minor decline of -0.13%, while its performance over the last month is significantly worse at -6.10%. Despite a high management efficiency indicated by a return on equity (ROE) of 22.90% and a low debt-to-equity ratio of 0.04, the company has faced challenges with poor long-term growth, as evidenced by a -1.05% annual rate of operating profit growth over the last five years. Additionally, the stock's valuation appears expensive with a price-to-book value of 4.4, and it has generated a return of -40.16% over the past year, indicating a decline in profitability of -24.7%.
In the broader market context, the stock's performance has been consistently underwhelming compared to the benchmark, with a -40.16% return over the last year against a -1.28% decline in the Sensex. The stock has also underperformed the BSE500 in each of the last three annual periods, highlighting its struggle to keep pace with market trends. While there has been a slight increase in investor participation, as indicated by a 0.2% rise in delivery volume, the overall sentiment remains negative due to the company's recent financial results, which showed significant declines in profit before tax and profit after tax. This combination of factors contributes to the stock's current downward trajectory.