Why is Delta Corp falling/rising?

As of 31-Jul, Delta Corp Ltd. is experiencing a slight increase in its stock price, currently at 85.29, with a change of 0.33 (0.39%) upward. Today's performance indicates a trend reversal as the stock has gained after seven consecutive days of decline, outperforming its sector by 1.04%. However, it is trading below its moving averages across various time frames, indicating a bearish trend. The stock has shown significant underperformance over the past year, with a return of -37.19%, and has consistently lagged behind the benchmark indices over the last three years. Additionally, the company has a low Debt to Equity ratio and an attractive valuation with a Price to Book Value of 0.9, but its profits have fallen by 34.7%, contributing to the stock's struggles.
In the broader market context, Delta Corp's short-term return of -4.18% over the past week contrasts with the Sensex's decline of only -1.22%, highlighting its underperformance relative to the market. The stock's liquidity remains adequate for trading, but a decrease in delivery volume suggests waning investor interest. Overall, while there are some positive factors regarding valuation, the persistent decline in net sales and operating profit over the last five years, coupled with a significant drop in quarterly profits, indicates a challenging environment for Delta Corp, contributing to its recent price movements.