Why is DIC India falling/rising?

As of 15-Jul, DIC India Ltd's stock price is currently at Rs 612.00, reflecting an increase of 4.9 (0.81%). Today, the stock has shown a trend reversal, gaining after two consecutive days of decline, and opened with a significant gain of 7.07%. However, despite this increase, the stock has underperformed its sector by 0.28%. Over the past week, DIC India has experienced a decline of 0.57%, and its year-to-date performance shows a drop of 8.14%. While the stock has generated a return of 18.54% over the past year, its long-term growth prospects appear limited, with net sales growing at an annual rate of only 3.16% and operating profit at 9.56% over the last five years. Additionally, the company's low debt-to-equity ratio and discount compared to peers may not be enough to offset concerns regarding its flat quarterly results and low return on equity.
Broader market context indicates that DIC India's short-term performance has lagged behind the benchmark, with the Sensex declining by 1.36% over the past week while DIC India fell by a lesser 0.57%. This suggests that the stock's recent rise may be more of a corrective bounce rather than a strong upward trend. The broader market has shown mixed signals, with the Sensex up 1.79% over the past month, contrasting with DIC India's 4.76% decline in the same period. The lack of domestic mutual fund investment in DIC India could also reflect broader market sentiment, indicating that institutional investors may be cautious about the stock's valuation and growth potential.