Why is Dev Information falling/rising?

As of 15-Oct, Dev Information Technology Ltd is experiencing a decline in its stock price, currently at 38.51, reflecting a decrease of 0.96 or 2.43%. The stock has underperformed its sector by 2.85% today and has been on a downward trend for the last three days, accumulating a total loss of 5.98% during this period. Over the past week, the stock has decreased by 4.06%, and its year-to-date performance shows a significant decline of 41.93%. Despite a low debt-to-equity ratio and a relatively attractive valuation with a PEG ratio of 0.7, the company has faced challenges, including a 46% decline in profits over the last nine months and below-par performance in both the short and long term.
In the broader market context, the Sensex has shown a positive return of 1.02% over the past week, contrasting sharply with Dev Information's negative performance. This stark difference highlights the stock's struggles, as it has consistently underperformed against the benchmark indices over various time frames, including a 37.28% decline over the past year. The falling investor participation, as indicated by a decrease in delivery volume, further exacerbates the stock's challenges, suggesting a lack of confidence among investors in the company's future growth prospects.