Why is Dev Information falling/rising?

As of 25-Jul, Dev Information Technology Ltd is experiencing a decline in its stock price, currently at Rs 114.80, which reflects a decrease of Rs 1.2 or 1.03%. The stock has been on a downward trend, having fallen consecutively for the last three days, resulting in a total drop of 3.45% during this period. Additionally, the stock touched an intraday low of Rs 110.9, indicating significant selling pressure. Despite outperforming its sector by 0.44% today, the stock's performance over the past year has been poor, with a return of -20.22%, while its profits have increased by 60.1%. The company's low Debt to EBITDA ratio of 1.19 times and strong operating profit growth of 35.30% suggest a healthy long-term outlook, but recent flat results and a significant decline in PAT and PBT have negatively impacted investor sentiment. In the broader market context, the stock has outperformed the Sensex in the short term, with a 1-week return of +2.91% compared to the benchmark's -0.36%. However, over the longer term, the stock has underperformed significantly, with a year-to-date decline of -30.76% against the Sensex's gain of +4.25%. The falling investor participation, with a 33.21% drop in delivery volume, further indicates waning interest among investors. While the stock is trading at a discount compared to its peers and has attractive valuation metrics, the recent negative financial results and overall underperformance relative to the market have contributed to the current downward price movement.