Why is Deepak Nitrite falling/rising?

As of 19-Sep, Deepak Nitrite Ltd. is experiencing a decline in its stock price, currently at Rs 1,804.30, which represents a decrease of -11.55 or -0.64%. The stock has underperformed its sector by -0.31% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of -2.15%. Additionally, the stock is close to its 52-week low, being only 3.97% away from Rs 1,732.7. Over the past week, the stock has shown a modest gain of +3.12%, but it has struggled in the longer term, with a year-to-date return of -27.71% and a one-year return of -36.07%. The company's performance is further impacted by a significant drop in investor participation, with delivery volume falling by -62.54% compared to the five-day average.
In the broader market context, while the Sensex has gained +0.88% over the past week, Deepak Nitrite's performance has lagged behind, indicating a consistent underperformance against the benchmark over the last three years. The company's financials reveal a concerning trend, with a negative growth rate in operating profit and a significant decline in profit before tax and profit after tax in the latest quarter. Despite having a high return on equity and low debt-to-equity ratio, the stock is considered expensive relative to its peers, trading at a premium valuation. This combination of poor long-term growth prospects, negative quarterly results, and consistent underperformance against the market has contributed to the stock's recent decline.