Why is Delta Corp falling/rising?

As of 24-Sep, Delta Corp Ltd. is experiencing a decline in its stock price, currently at 81.95, reflecting a decrease of 1.28 or 1.54%. The stock has underperformed its sector today by 0.69% and has been on a consecutive downward trend for the last three days, resulting in a total decline of 3.11%. Additionally, Delta Corp is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also shown significant underperformance over various time frames, with a year-to-date return of -26.14% and a one-year return of -36.72%, while profits have decreased by 15.5%. Despite having a low debt-to-equity ratio and attractive valuation metrics, the company's operating profit has not shown growth, which contributes to the negative sentiment surrounding the stock.
In the broader market context, Delta Corp's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has gained 4.58% year-to-date. The stock's short-term decline of 1.90% over the past week is also worse than the benchmark's drop of 1.18%. This consistent underperformance against the BSE500 over the last three years, coupled with disappointing financial results and falling investor participation, paints a concerning picture for potential investors. The liquidity of the stock remains adequate for trading, but the overall sentiment is weighed down by the company's inability to generate positive returns and growth, leading to its current price decline.