Why is DIC India falling/rising?

As of 11-Aug, DIC India Ltd's stock price is currently at Rs 598.00, reflecting a decrease of Rs 4.0 or 0.66%. The stock has underperformed its sector by 1.7% today, with an intraday low of Rs 584.4, marking a decline of 2.92%. Over the past week, the stock has seen a return of -2.33%, and over the past month, it has declined by 3.08%. The company's financial performance has been concerning, with a significant drop in PAT by 45.4% in the latest quarter and a low operating profit to net sales ratio. Despite a low debt-to-equity ratio, the company's long-term growth appears poor, with net sales growth at only 3.16% annually over the last five years. Additionally, domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its valuation.
In the broader market context, DIC India's recent performance contrasts with the Sensex, which has only declined by 0.51% over the past week. This underperformance relative to the benchmark suggests that investors are cautious about the company's prospects, especially given its flat results and low return on equity of 4.2%. While the stock has shown strong performance over the last three years with a return of 51.87%, the recent trends indicate a troubling outlook that may be contributing to its current price decline. The combination of poor quarterly results, low investor confidence, and a lack of institutional support paints a challenging picture for DIC India Ltd in the current market environment.