Why is Den Networks falling/rising?

As of 15-Jul, Den Networks Ltd's stock price is currently at 39.21, reflecting a slight increase of 0.03 or 0.08%. The stock has shown a positive trend recently, gaining 2.75% over the last two days, although it underperformed its sector by 0.51% today. In the past week, the stock has risen by 1.11%, while over the past month, it has increased by 7.07%. Despite these short-term gains, the stock has a year-to-date decline of 10.32% and a significant drop of 29.88% over the past year. The company has a low Debt to Equity ratio and an attractive valuation with a Price to Book Value of 0.5, but it also faces challenges such as a low Return on Equity (ROE) of 5.5% and declining net sales, which have fallen by an annual rate of 4.88% over the last five years.
Broader market context indicates that while Den Networks has experienced some recent gains, it has significantly underperformed the broader market, with the Sensex showing a positive return of 1.79% over the past month and 5.67% year-to-date. The stock's long-term performance is concerning, as it has lagged behind the market, evidenced by a 1-year return of -29.88% compared to the BSE500's positive return of 0.37%. This underperformance may contribute to the lack of interest from domestic mutual funds, which hold no stake in the company, suggesting a lack of confidence in its future prospects.