Why is Diamines & Chem. falling/rising?

As of 17-Jul, Diamines & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 400.15, which reflects a decrease of Rs 9.15 or 2.24%. The stock has underperformed its sector by 2.49% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 398.15, indicating a downward trend. Over the past week, the stock has decreased by 7.16%, while its performance over the past month shows a modest increase of 5.68%. However, the stock has significantly underperformed over the year, with a return of -32.34% compared to the Sensex's gain of 1.91%. The company has also reported negative results for the last seven consecutive quarters, with a substantial decline in operating profit and net sales, contributing to a poor long-term growth outlook.
Broader market context indicates that while the stock has shown some recovery in the short term, it remains significantly behind the benchmark. The Sensex has only declined by 1.12% over the past week, highlighting the stock's relative weakness. The company's low debt-to-equity ratio and majority ownership by promoters do not seem to offset the negative sentiment stemming from its poor financial performance and high valuation compared to peers. With a return on equity of just 1.7 and a price-to-book value of 2.4, the stock is considered expensive, further exacerbating investor concerns. Overall, the combination of weak financial results, declining investor participation, and a lack of positive momentum in the broader market context has led to the stock's current downward trajectory.