Why is Dev Information falling/rising?

As of 24-Sep, Dev Information Technology Ltd is experiencing a decline in its stock price, currently at 41.19, reflecting a decrease of 0.54 or 1.29%. The stock has underperformed its sector today by 0.63% and has been on a consecutive downward trend for the last three days, resulting in a total decline of 4.63% during this period. Additionally, the stock has shown poor performance over various time frames, with a year-to-date return of -37.89% and a one-year return of -19.27%. Despite a low debt-to-equity ratio of 0.10 and an attractive valuation indicated by a PEG ratio of 0.8, the company has faced negative results, including a significant drop in profit after tax and profit before tax in recent quarters, contributing to the stock's downward movement.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight gain of 0.50% over the past month, while Dev Information has declined by 8.26% in the same period. This underperformance is further highlighted by the stock's returns over the last three years, where it has lagged behind the BSE500 index. The falling investor participation, as evidenced by a 36.6% drop in delivery volume compared to the five-day average, also indicates a lack of confidence among investors, exacerbating the stock's decline. Overall, the combination of poor short-term and long-term growth prospects, alongside negative recent financial results, has led to a challenging environment for Dev Information Technology Ltd.