Why is Delta Corp falling/rising?

As of 04-Aug, Delta Corp Ltd. is experiencing a price increase, currently at Rs 86.35, reflecting a change of 2.38 or 2.83% upward. Despite this daily gain, the stock has shown a negative performance over the past week, down 1.07%, and has significantly underperformed over the past month and year, with returns of -4.12% and -35.56%, respectively. Today's trading saw the stock touch an intraday high of Rs 86.5, outperforming its sector by 2.01%. However, it is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 53.68% compared to the 5-day average. The company's low debt-to-equity ratio and attractive valuation metrics, such as a 0.9 Price to Book Value, suggest potential for recovery, but the significant drop in profits and consistent underperformance against benchmarks raise concerns.
In the broader market context, Delta Corp's recent performance contrasts with the Sensex, which has seen a slight increase of 0.16% over the past week. The stock's year-to-date return of -22.17% starkly contrasts with the Sensex's positive return of 3.69%, highlighting its struggles in a generally favorable market. The company's long-term growth prospects appear poor, with net sales and operating profit declining over the past five years, which may contribute to investor hesitance. Despite the recent uptick in price, the overall trend indicates that Delta Corp is facing significant challenges that could hinder its recovery in the near term.