Why is Delta Corp falling/rising?

As of 02-Sep, Delta Corp Ltd. is currently priced at 84.40, reflecting an increase of 0.77 or 0.92%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Additionally, the stock has experienced a significant drop in delivery volume, falling by 33.85% against the 5-day average, which suggests a decrease in investor participation. Despite a low debt-to-equity ratio and attractive valuation metrics, the stock has underperformed significantly over the past year, with a return of -37.53% and a decline in profits by 15.5%.
In the broader market context, Delta Corp's short-term performance has been worse than the benchmark, with a 1-week return of -2.22% compared to the Sensex's -0.78%. This consistent underperformance against the benchmark over the last three years, coupled with poor long-term growth prospects and negative quarterly results, contributes to a negative sentiment surrounding the stock. The majority of shareholders being non-institutional may also indicate a lack of confidence from institutional investors, further impacting the stock's price movement.