Why is DIC India falling/rising?

As of 08-Jul, DIC India Ltd's stock price is currently at 615.50, reflecting a decrease of 2.5, or 0.4%. The stock has been on a downward trend, losing value for the last eight consecutive days, resulting in a 6.74% decline over the past month. Today's performance has been inline with the sector, but the stock is trading below all key moving averages, indicating weakness. Additionally, the delivery volume has decreased by 4.55% compared to the five-day average, suggesting falling investor participation. While the company has shown a strong return of 18.59% over the past year, its recent financial performance has raised concerns, with a significant drop in PAT and operating profit in the latest quarter, leading to a perception of poor long-term growth.
In the broader market context, DIC India's short-term performance has lagged behind the benchmark, with a 1-month return of -6.74% compared to the Sensex's gain of 1.85%. This underperformance is compounded by the fact that domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its valuation or business prospects. Despite the stock trading at a discount to its peers, the low return on equity and high price-to-book ratio suggest that investors may be cautious about its future growth potential, contributing to the stock's recent decline.