Why is Den Networks falling/rising?

As of 24-Jul, Den Networks Ltd is experiencing a decline in its stock price, currently at 38.40, which reflects a decrease of 0.45 or 1.16%. The stock has been underperforming, having lost 7.13% over the last six days, and it is currently below its 5-day, 20-day, and 200-day moving averages, although it remains above the 50-day and 100-day averages. Additionally, the stock has shown a significant decline of 29.42% over the past year, while its profits have decreased by 4%. The company's low Return on Equity (ROE) of 6.49% indicates poor management efficiency and profitability, contributing to negative sentiment among investors. Furthermore, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects.
In the broader market context, Den Networks has underperformed the benchmark, with a 1-year return of -29.42% compared to the BSE500's positive return of 0.99%. The stock's performance over the past week shows a decline of 6.71%, while the Sensex has only fallen by 0.09%, indicating a significant divergence in performance. This underperformance, combined with falling investor participation—evidenced by a 68.81% drop in delivery volume—further exacerbates the stock's negative trajectory. Overall, the combination of poor financial metrics, lack of investor confidence, and underperformance relative to the market contributes to the stock's current downward movement.