Why is DIC India falling/rising?

As of 10-Jul, DIC India Ltd's stock price is currently at Rs 621.00, reflecting a slight increase of 1.0 (0.16%). The stock has been gaining for the last two days, with a total return of 0.89% during this period. Today, it opened with a gain of 3.06% and reached an intraday high of Rs 639. Despite this positive movement, the stock has underperformed in the longer term, with a year-to-date decline of 6.78% compared to a 6.46% increase in the benchmark index. The company's low debt-to-equity ratio and strong one-year return of 20.81% compared to the market's 1.46% are positive indicators; however, concerns about poor long-term growth, flat quarterly results, and low domestic mutual fund interest may weigh on investor sentiment.
In the broader market context, DIC India's recent performance has outpaced the sector by 1.52%, indicating some resilience despite its overall underperformance in the past month and year-to-date. The stock's short-term gains contrast with the benchmark's slight decline of 0.06% over the past week, suggesting that while the stock is experiencing a temporary rise, it still faces challenges in maintaining momentum against broader market trends. The stock's trading below its moving averages and the lack of significant domestic mutual fund investment may also contribute to a cautious outlook among investors.