Why is Dhatre Udyog falling/rising?

As of 24-Sep, Dhatre Udyog Ltd's stock price is currently at 6.90, reflecting a decrease of 0.02, or 0.29%. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 2.82%, and it has experienced a significant drop of 47.33% over the past year, while its profits have plummeted by 86.9%. The company's return on equity stands at 12.6, suggesting a very attractive valuation with a price-to-book value of 1.1, but the high debt-to-equity ratio of 5.06 and operating losses indicate weak long-term fundamental strength. Additionally, the reduction in promoter stake by 1.95% may reflect diminishing confidence in the company's future prospects.
In the broader market context, Dhatre Udyog has underperformed the benchmark, with the BSE500 index showing a decline of only 5.32% over the last year. This stark contrast highlights the stock's struggles, as it has not only fallen more sharply than the market but also has shown a negative return of 4.70% over the past month, while the benchmark has gained 0.50%. The falling investor participation, with a delivery volume decrease of 15.72% against the 5-day average, further emphasizes the lack of interest in the stock, contributing to its downward price movement.