Why is Den Networks falling/rising?

As of 25-Jul, Den Networks Ltd is experiencing a decline in its stock price, currently at Rs 37.37, which reflects a decrease of Rs 1.03 or 2.68%. The stock has been underperforming, having fallen consecutively for the last seven days, resulting in a total decline of 10.04% during this period. Although the stock opened today with a gain of 7.4% and reached an intraday high of Rs 41.24, it also touched a low of Rs 37.2, indicating high volatility with an intraday fluctuation of 9.42%. Over the past year, Den Networks has significantly underperformed the market, with a return of -31.13% compared to the benchmark's -0.19%. The company's low return on equity (ROE) of 6.49% and declining net sales growth of -4.83% over the last five years contribute to concerns about its management efficiency and long-term growth prospects.
In the broader market context, Den Networks has underperformed the benchmark Sensex, which has shown a slight decline of 0.36% over the past week, while Den Networks has dropped by 8.05%. The DTH/Cable sector has also seen a decline of 2.63%, reflecting broader sector challenges. Additionally, a significant drop in investor participation, with delivery volume falling by 45.61% against the five-day average, suggests waning interest in the stock. The lack of domestic mutual fund investment, holding only 0% of the company, indicates a lack of confidence among institutional investors, further exacerbating the stock's downward trend.