Why is Diamines & Chem. falling/rising?

As of 22-Jul, Diamines & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 392.05, which reflects a decrease of Rs 12.65 or 3.13%. The stock has underperformed its sector today by 2.88%, touching an intraday low of Rs 391.7. Over the past week, the stock has decreased by 2.61%, while it has shown a modest increase of 3.36% over the past month. However, the year-to-date performance is concerning, with a significant drop of 20.01%. The company has 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. Additionally, the stock's valuation appears expensive compared to its peers, with a price-to-book value of 2.4, and a return on equity (ROE) of only 1.7.
In the broader market context, the Sensex has shown a slight decline of 0.47% over the past week, indicating that the market is relatively stable compared to the stock's performance. However, the stock's long-term returns have been significantly negative, with a 31.61% drop over the past year, contrasting sharply with the Sensex's gain of 5.18% during the same period. The falling investor participation, evidenced by a 68.74% decrease in delivery volume, further highlights the lack of confidence among investors. Overall, the combination of poor financial performance, high valuation, and declining investor interest has led to the stock's downward movement.