Why is Dhanuka Agritech falling/rising?

As of 03-Nov, Dhanuka Agritech Ltd's stock price is currently at 1,308.00, reflecting a decline of 66.25 points or 4.82%. The stock has been underperforming, having lost 10.1% over the last two days and is trading below all its moving averages, indicating a bearish trend. Additionally, the stock has shown a significant decline of 14.03% over the past month, while its year-to-date performance is down by 11.21%. Despite the negative price movement, the company has demonstrated high management efficiency with a return on equity (ROE) of 22.08% and a low debt-to-equity ratio, which suggests a solid financial position. However, the stock's negative performance over the past year, with a return of -17.01%, contrasts with a modest profit growth of 3.4%, indicating potential concerns among investors.
In the broader market context, Dhanuka Agritech's recent performance has been notably weaker compared to the benchmark Sensex, which has gained 3.41% over the past month. The stock's underperformance is further highlighted by its 1-week return of -7.57% against the Sensex's decline of only 0.94%. While there has been a rise in investor participation, with delivery volume increasing significantly, the overall sentiment appears to be cautious, as reflected in the stock's consecutive declines and its current trading position below historical valuations. The high institutional holdings at 20.29% may provide some support, but the prevailing negative trends in stock performance suggest that investors are currently wary.