Why is Den Networks falling/rising?

As of 03-Jul, Den Networks Ltd is experiencing a slight decline in its stock price, currently at 37.81, reflecting a decrease of 0.04 or 0.11%. The stock has been losing value for the past two days, with a total drop of 0.97% during this period. In terms of performance, the stock has underperformed in the short term, with a 1-week return of -1.00% compared to the Sensex's -0.62%. Additionally, the stock has a low delivery volume, which has decreased significantly by 67.12% against the 5-day average, indicating falling investor participation. Despite having a low Debt to Equity ratio and an attractive valuation with a Price to Book Value of 0.5, the company has faced challenges such as a low Return on Equity of 6.49% and a significant decline in profits by 6.8% over the past year, contributing to its negative performance.
Broader Market Context: In the broader market context, Den Networks has struggled significantly, with a year-to-date return of -13.52%, while the Sensex has gained 6.53% during the same period. Over the past year, the stock has generated a return of -32.51%, starkly contrasting with the market's positive performance, as the BSE500 has yielded returns of 2.20%. This underperformance may reflect a lack of confidence from domestic mutual funds, which hold no stake in the company, suggesting concerns about its long-term growth prospects and management efficiency. Overall, the combination of poor recent performance, declining investor interest, and unfavorable comparisons to the broader market has contributed to the stock's current downward trend.