Why is Den Networks falling/rising?

As of 10-Nov, Den Networks Ltd is experiencing a decline in its stock price, currently at 32.31, which reflects a decrease of 0.36 or 1.1%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 4.69% over the past week. It is trading below all its moving averages, indicating a bearish trend. Additionally, the company has reported poor financial performance, with a low return on equity of 5.33% and negative growth in net sales and operating profit over the last five years. The recent quarterly results showed a significant drop in profit after tax and operating profit, further contributing to investor concerns. Despite a slight increase in delivery volume, the overall sentiment remains negative, with domestic mutual funds holding no stake in the company, suggesting a lack of confidence in its future prospects.
In the broader market context, Den Networks' recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has seen a slight increase of 1.25% over the past month. The stock's year-to-date decline of 26.10% is significantly worse than the Sensex's gain of 6.91%, highlighting its struggles in both short-term and long-term performance. This underperformance is compounded by the company's ongoing operational challenges and lack of investor interest, which may further exacerbate its stock price decline in the near future.