Why is Delta Corp falling/rising?

As of 01-Sep, Delta Corp Ltd. is experiencing a decline in its stock price, currently at 83.63, reflecting a decrease of 1.26 or 1.48%. The stock has underperformed its sector today by 1.56% and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.91% during this period. Additionally, Delta Corp is trading below its moving averages across various timeframes, indicating a bearish trend. The stock has also shown significant underperformance over the past year, with a return of -37.33%, while its profits have decreased by 15.5%. Despite having a low debt-to-equity ratio and attractive valuation metrics, the company’s operating profit has seen a negative growth rate of -1.89% over the last five years, contributing to investor concerns.
In the broader market context, Delta Corp's short-term performance has been weaker than the benchmark, with a 1-week return of -1.97% compared to the Sensex's -1.56%. This consistent underperformance against the benchmark over the last three years, coupled with negative financial results reported in June, has likely influenced investor sentiment negatively. The stock's liquidity remains adequate, but a notable decline in delivery volume suggests waning investor interest, further exacerbating the stock's downward trajectory. Overall, the combination of poor financial performance, declining investor participation, and a lack of positive momentum in the market has led to the stock's recent decline.