Why is Delta Corp falling/rising?

As of 25-Aug, Delta Corp Ltd. is experiencing a decline in its stock price, currently at Rs 85.31, reflecting a decrease of Rs 2.71 or 3.08%. The stock has been underperforming, having lost 9.08% over the last three days, and it is trading below all key moving averages. Today, it reached an intraday low of Rs 84.92, indicating significant selling pressure. Additionally, the stock has generated a return of -33.89% over the past year, with profits falling by 15.5%. Despite having a low debt-to-equity ratio and an attractive valuation compared to peers, the company has shown poor long-term growth, with operating profit declining at an annual rate of -1.89% over the last five years.
In the broader market context, Delta Corp's recent performance contrasts sharply with the benchmark, as it has underperformed the BSE500 in each of the last three annual periods. While the stock has gained 2.05% over the past week, the benchmark has only increased by 0.45%. This suggests that the stock's short-term recovery is not indicative of a broader trend, especially given its substantial year-to-date decline of -23.11% compared to the benchmark's gain of 4.48%. The consistent underperformance and negative financial results have contributed to a lack of investor confidence, further exacerbating the stock's downward trajectory.