Why is Dhani Services falling/rising?

As of 28-Jul, Dhani Services Ltd is experiencing a decline in its stock price, currently at Rs 59.20, which reflects a decrease of 3.05 or 4.9%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 7.93% during this period. Additionally, it has underperformed its sector by 3.53% today. The stock is trading below its moving averages across various timeframes, indicating a bearish trend. Despite the company reporting positive results over the last four quarters, including significant growth in profit before tax and profit after tax, its long-term fundamentals remain weak, with a negative return on equity and declining net sales and operating profit.
In the broader market context, Dhani Services has underperformed relative to the Sensex, with a one-week return of -6.92% compared to the benchmark's -1.59%. Over the past month, the stock has declined by 13.30%, while the Sensex has decreased by only 3.77%. This stark contrast highlights the stock's struggles in a challenging market environment. Furthermore, while institutional holdings have increased, indicating some level of confidence from larger investors, the overall sentiment remains cautious due to the company's weak long-term growth prospects and high valuation compared to its peers.