Why is Dhanuka Agritech falling/rising?

As of 20-Aug, Dhanuka Agritech Ltd's stock price is currently at 1,600.10, reflecting a decrease of 9.9 points or 0.61%. The stock has underperformed its sector by 1.35% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 0.68% during this period. Over the past week, the stock has decreased by 0.61%, while its performance over the last month shows a significant decline of 9.23%. Despite these recent downturns, the company has demonstrated strong fundamentals, including a high return on equity (ROE) of 22.08% and a low debt-to-equity ratio, which may provide some support for the stock in the long term. Additionally, the company reported positive quarterly results with a 20.01% growth in net sales and a 36.67% increase in profit before tax, which could indicate underlying strength despite the current price drop.
In the broader market context, the Sensex has gained 1.64% over the past week, contrasting sharply with Dhanuka Agritech's decline. This disparity highlights the stock's underperformance relative to the benchmark index. Furthermore, the stock's delivery volume has decreased significantly, falling by 34.99% compared to the five-day average, indicating a reduction in investor participation. While the stock has shown impressive returns over the longer term, such as a 126.53% increase over the past three years, the recent short-term performance suggests that investors may be cautious, particularly in light of the broader market's positive momentum.