Why is DIC India falling/rising?

As of 12-Sep, DIC India Ltd's stock price is currently at Rs 566.50, reflecting a decrease of Rs 1.5 or 0.26%. The stock has underperformed in today's market, as indicated by its performance being 1.14% lower than its sector. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has declined by 1.00%, and it has experienced a significant drop of 14.97% year-to-date, compared to a 4.82% increase in the benchmark index. The company's recent financial performance has been concerning, with a net profit after tax of Rs 6.95 crore showing a decline of 32.94% over the last six months. Furthermore, the stock's low return on equity of 3.7 and high price-to-book ratio of 1.2 suggest that it is overvalued relative to its peers, contributing to investor skepticism.
Broader Market Context: In the context of the broader market, DIC India has significantly underperformed the BSE500 index, which has seen a decline of only 3.45% over the past year, while DIC India has fallen by 21.55%. This stark contrast indicates a lack of investor confidence, particularly as domestic mutual funds hold no stake in the company, suggesting they may not find the current price attractive. The stock's liquidity is also a concern, with a notable drop in delivery volume, which has decreased by 36.63% against the 5-day average. Overall, the combination of poor long-term growth prospects, underwhelming recent financial results, and weak investor participation has contributed to the stock's downward movement.