Why is Denis Chem Lab falling/rising?

As of 22-Sep, Denis Chem Lab Ltd's stock price is currently at 96.61, reflecting a decrease of 1.9, or 1.93%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.9% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock's delivery volume has decreased by 3.18% compared to the 5-day average, suggesting a decline in investor participation. Despite a high dividend yield of 4.06%, the stock has generated a significant negative return of -40.64% over the past year, with profits also declining by 19.6%. The company has a low debt-to-equity ratio and is trading at a discount compared to its peers, but these factors have not been enough to counteract the overall poor performance.
In the broader market context, Denis Chem Lab's short-term performance has lagged behind the Sensex, which has increased by 0.46% over the past week while the stock has only gained 0.07%. This underperformance is further highlighted by the stock's negative returns over the past year and its inability to keep pace with the BSE500 index in both the short and long term. The company's flat results and low growth rates in net sales and operating profit over the last five years contribute to a lack of investor confidence, reinforcing the stock's downward trajectory. Overall, the combination of poor recent performance, declining investor interest, and unfavorable comparisons to market benchmarks has led to the stock's current decline.