Why is Delta Corp falling/rising?

As of 29-Sep, Delta Corp Ltd. is experiencing a decline in its stock price, currently at Rs 77.52, which represents a decrease of 2.78 or 3.46%. The stock has underperformed significantly, with a consecutive fall over the last two days resulting in a total decline of 5.59%. It is also trading close to its 52-week low, just 1.02% away from Rs 76.73. The stock has shown poor performance over various periods, with a year-to-date return of -30.13% and a one-year return of -40.57%. Additionally, the company has reported a decline in profits, with a 15.5% drop over the past year, and its operating profit has decreased at an annual rate of -1.89% over the last five years. Despite a low debt-to-equity ratio and attractive valuation metrics, these negative factors have contributed to the stock's downward trend.
In the broader market context, Delta Corp's performance has been notably weaker compared to the benchmark, with a one-week return of -7.70% against the Sensex's -2.18%. This consistent underperformance has been evident over the last three years, where the stock has generated negative returns while the benchmark has seen positive growth. The falling investor participation, as indicated by a decrease in delivery volume, further reflects a lack of confidence among investors. Overall, the combination of poor financial results, declining operating profits, and significant underperformance relative to the market has led to the stock's current downward trajectory.