Why is DIC India falling/rising?

As of 17-Sep, DIC India Ltd's stock price is currently at Rs 565.00, reflecting a decrease of Rs 9.5 or 1.65%. The stock has been underperforming recently, having fallen for the last two consecutive days, with a total decline of 1.78% during this period. It is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 4.42% away from Rs 540. The company's financial performance has also raised concerns, with a significant drop in profit after tax (PAT) of 32.94% over the last six months, and a low return on equity (ROE) of 3.7. Furthermore, domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its valuation and growth prospects.
In the broader market context, DIC India's short-term performance over the past week shows a return of 1.42%, which is slightly below the Sensex's return of 1.56%. However, the stock has significantly underperformed the benchmark over the longer term, with a year-to-date decline of 15.19% compared to the Sensex's gain of 5.83%. This underperformance is compounded by the company's low sales growth rate of 5.22% and an expensive valuation relative to its peers, as indicated by its price-to-book value of 1.2. Overall, the combination of poor financial results, declining investor participation, and lack of institutional support has contributed to the stock's downward movement.