Why is Delta Corp falling/rising?

As of 10-Sep, Delta Corp Ltd. is experiencing a decline in its stock price, currently at 83.26, reflecting a decrease of 0.91 or 1.08%. The stock has been underperforming, having lost 12.57% over the past week and consistently falling for the last five days. It is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, the delivery volume has significantly decreased by 64.54% compared to the five-day average, suggesting a lack of investor interest. Despite having a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 0.8, the stock has generated a negative return of 35.95% over the past year, with profits declining by 15.5%. This consistent underperformance, particularly in light of negative quarterly results, has contributed to the stock's downward movement.
In the broader market context, Delta Corp's recent performance contrasts sharply with the Sensex, which has gained 1.06% over the past week and 4.21% year-to-date. The stock's significant underperformance against the benchmark is evident, as it has lagged behind the BSE500 in each of the last three annual periods. This trend highlights a lack of confidence among investors in Delta Corp's long-term growth prospects, especially given the company's operating profit decline and the negative results reported for the most recent quarter. Overall, the combination of poor short-term performance, declining investor participation, and negative financial indicators has led to the stock's current downward trajectory.