Why is Dhanuka Agritech falling/rising?

As of 13-Oct, Dhanuka Agritech Ltd is experiencing a decline in its stock price, currently at Rs 1,438.00, which reflects a decrease of Rs 39.65 or 2.68%. The stock has underperformed its sector by 1.7% today and has been on a downward trend for the last four days, accumulating a total decline of 4.58% during this period. It reached an intraday low of Rs 1,428.3, indicating significant selling pressure. The stock is trading below its moving averages across various time frames, suggesting a bearish sentiment. Despite these challenges, the company has shown high management efficiency with a return on equity (ROE) of 22.08% and a low debt-to-equity ratio, which could provide some support for its valuation.
In the broader market context, Dhanuka Agritech's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.66% over the past week while the stock has declined by 4.37%. This underperformance is evident in the year-to-date returns, where the stock has fallen by 2.39% compared to the Sensex's rise of 5.36%. Although there is rising investor participation, as indicated by a 33.26% increase in delivery volume, the overall market sentiment appears to be weighing heavily on the stock. The high institutional holdings at 20.29% suggest that informed investors are closely monitoring the company's fundamentals, which may provide some stability, but the current market dynamics are leading to a downward trajectory in the stock price.