Why is Dhatre Udyog falling/rising?

As of 16-Jul, Dhatre Udyog Ltd's stock price is currently at 7.32, reflecting a decline of 0.07 or 0.95%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decrease of 1.74% during this period. Additionally, the stock has shown significant underperformance over the past month and year, with returns of -18.30% and -57.32%, respectively. Despite a relatively attractive valuation with a return on equity of 11.7 and a price-to-book value of 1.1, the company has not declared results in the last six months, and its net sales have decreased at an annual rate of -17.36% over the past five years. This combination of poor financial performance and lack of recent disclosures has contributed to the stock's downward trend.
In the broader market context, Dhatre Udyog's short-term performance has been notably worse than the benchmark, with a 1-week return of -3.68% compared to the Sensex's decline of only -1.08%. This stark contrast highlights the stock's struggles relative to the market. The company's high debt levels and low profitability, indicated by a debt-to-equity ratio that is concerning and a return on equity averaging only 4.83%, further exacerbate investor sentiment. Overall, the stock's persistent decline is influenced by weak fundamentals, poor recent performance, and a lack of confidence from investors, as evidenced by the significant drop in net sales and profits.