Why is DHP India falling/rising?

As of 19-Sep, DHP India Ltd. is experiencing a decline in its stock price, currently at Rs 579.00, which represents a decrease of Rs 14.0 or 2.36%. The stock has underperformed its sector by 2.47% today, touching an intraday low of Rs 563, reflecting a drop of 5.06%. Over the past week, the stock has decreased by 3.50%, and over the past month, it has fallen by 15.84%. Despite a year-to-date increase of 0.70%, the stock has shown a significant decline of 62.35% over the past three years compared to a 39.71% increase in the benchmark. However, the company has demonstrated high management efficiency with a return on equity (ROE) of 18.26% and a low debt-to-equity ratio, which are positive indicators for its financial health.
In the broader market context, the Sensex has increased by 0.88% over the past week and 1.20% over the past month, contrasting with DHP India's negative returns. This underperformance may be attributed to the stock trading below its moving averages across various time frames, indicating a bearish trend. While the company has reported positive financial results, including a significant growth in profit before tax and net sales, the stock's valuation remains attractive at a price-to-book value of 0.7. Despite these positive factors, the overall market sentiment and the stock's recent performance suggest that investors are cautious, leading to the current decline in its price.