Why is Dhatre Udyog falling/rising?

As of 19-Sep, Dhatre Udyog Ltd's stock price is currently at 6.91, reflecting a decrease of 0.14, or 1.99%. The stock has underperformed its sector by 2.19% today and has been on a downward trend, falling for three consecutive days with a total decline of 3.36% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The company has also seen a significant drop in investor participation, with delivery volume falling by 23.97% compared to the 5-day average. Over the past year, Dhatre Udyog has experienced a staggering decline of 47.61%, while its profits have plummeted by 86.9%, further contributing to the negative sentiment surrounding the stock.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 0.88% over the past week. This underperformance is indicative of the company's weak long-term fundamentals, characterized by high debt levels and declining net sales. The promoters' recent reduction of their stake by 1.95% also raises concerns about their confidence in the company's future prospects. Despite a relatively attractive valuation with a Price to Book Value of 1.1 and a Return on Equity of 12.6, the operational losses and significant raw material cost increases have overshadowed these positives, leading to a lack of investor confidence and contributing to the stock's decline.