Why is Devine Impex falling/rising?

As of 16-Jul, Devine Impex Ltd is experiencing a decline in its stock price, currently at 8.53, reflecting a decrease of 0.22 or 2.51%. The stock has underperformed its sector by 2.55% today and has shown erratic trading, not trading on one day out of the last 20. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's delivery volume has significantly dropped by 96.57% against the 5-day average, indicating a lack of investor interest. Over the past year, the stock has generated a return of -34.94%, which is substantially lower than the benchmark's return of 2.38%. The company is facing operating losses and has a weak long-term fundamental strength, with a poor EBIT to Interest ratio of 0.05 and a low Return on Equity of 0.23%, which signifies low profitability.
In the broader market context, while the Sensex has shown a slight gain of 1.02% over the past month, Devine Impex has declined by 6.57% in the same period. This stark contrast highlights the stock's underperformance relative to the market. The company's financial struggles, including low cash reserves and negative earnings, contribute to its weak valuation, as indicated by a Price to Book Value of 0.6, which is considered expensive given its low profitability metrics. Overall, the combination of poor financial performance, declining investor participation, and significant underperformance against the benchmark has led to the stock's current downward trend.