Why is Den Networks falling/rising?

As of 31-Jul, Den Networks Ltd is experiencing a decline in its stock price, currently at 37.08, which reflects a decrease of 0.51 or 1.36%. The stock has underperformed its sector today by 0.58% and has fallen after two consecutive days of gains. In terms of performance over various periods, the stock has shown a significant decline of 35.39% over the past year, while its profits have decreased by 4%. Additionally, the stock's delivery volume has dropped by 50.17% compared to the five-day average, indicating a falling investor participation. Despite having a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 0.5, the company struggles with poor management efficiency, reflected in a low return on equity of 6.49%, and has shown negative growth in net sales over the last five years.
In the broader market context, Den Networks has underperformed relative to the benchmark, with a one-year return of -35.39% compared to the BSE500's decline of only -3.20%. This stark contrast suggests that investor sentiment towards Den Networks is particularly negative, as domestic mutual funds hold no stake in the company, potentially indicating a lack of confidence in its future prospects. The stock's performance over the past week and month also reflects a downward trend, with returns of -3.44% and -2.88%, respectively, further emphasizing the challenges the company faces in regaining investor trust and improving its market position.