Why is Den Networks falling/rising?

As of 23-Jul, Den Networks Ltd is experiencing a decline in its stock price, currently at 38.85, reflecting a decrease of 0.31 or 0.79%. The stock has been on a downward trend, losing 6.05% over the past week and has fallen for five consecutive days. Despite being higher than the 20-day, 50-day, and 100-day moving averages, it is lower than the 5-day and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 43.03% compared to the 5-day average. The company has a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 0.5; however, it has also reported a return on equity of only 5.5%, indicating low profitability. Over the past year, the stock has underperformed significantly, generating a return of -25.89% while the company's profits have decreased by 4%.
In the broader market context, the Sensex has shown a slight increase of 0.11% over the past week, contrasting with Den Networks' decline. This underperformance is further highlighted by the stock's negative returns compared to the benchmark, as it has lagged behind the market, which has generated returns of 1.79% over the last year. The low participation from domestic mutual funds, holding 0% of the company, suggests a lack of confidence in the stock's potential, which may contribute to its ongoing decline. Overall, the combination of poor management efficiency, low sales growth, and negative financial results has led to a lack of investor confidence, resulting in the stock's current downward movement.