Why is Den Networks falling/rising?

As of 17-Jul, Den Networks Ltd's stock price is currently at 41.16, reflecting a decrease of 0.19, or 0.46%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, it has outperformed its sector by 0.31% today. Over the past week, the stock has risen by 4.49%, and over the past month, it has increased by 14.59%. However, it has underperformed significantly over the longer term, with a year-to-date return of -5.86% and a one-year return of -24.44%. 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 suffers from poor management efficiency, as indicated by a low Return on Equity of 6.49% and declining net sales over the past five years.
Broader market context shows that while Den Networks has outperformed its sector in the short term, it has significantly lagged behind the benchmark Sensex, which has gained 5.27% year-to-date. The stock's performance is concerning given its substantial underperformance over the past year compared to the broader market, which has generated positive returns. The lack of domestic mutual fund investment, holding only 0% of the company, suggests a lack of confidence in its future prospects, further contributing to the stock's downward pressure. Overall, while there are some positive indicators in the short term, the long-term outlook remains bleak, impacting investor sentiment negatively.