Why is Den Networks falling/rising?

As of 10-Jul, Den Networks Ltd's stock price is currently at Rs 39.39, reflecting an increase of Rs 1.27 or 3.33%. The stock has shown a positive trend today, gaining after two consecutive days of decline and outperforming its sector by 3.22%. Over the past week, the stock has risen by 4.18%, while its performance over the past month is a gain of 4.21%. However, despite this recent uptick, the stock has underperformed significantly over the past year, with a return of -27.41%. The company's low debt-to-equity ratio and attractive valuation, indicated by a price-to-book value of 0.5, suggest some positive aspects, but the low return on equity of 6.49% and declining net sales growth of -4.88% over the last five years highlight ongoing challenges that may be affecting investor sentiment.
Broader market context shows that while Den Networks has experienced a short-term rise, the benchmark Sensex has remained relatively flat, with a slight decline of 0.06% over the past week. This indicates that the stock's recent performance is somewhat isolated from broader market trends. Additionally, the stock's long-term performance has been poor, with a year-to-date decline of -9.90% compared to the Sensex's gain of 6.46%. The lack of domestic mutual fund investment, which stands at 0%, may reflect a lack of confidence in the company's prospects, further contributing to its underperformance relative to the market.