Why is Digidrive Dist. falling/rising?

As of 19-Aug, Digidrive Distributors Ltd is experiencing a decline in its stock price, currently at Rs 31.09, which represents a decrease of Rs 2.06 or 6.21%. The stock opened lower today, with a gap down of 2.56%, and reached an intraday low of Rs 30.11, reflecting a significant drop of 9.17%. Over the past week, the stock has shown a slight increase of 0.55%, but it has underperformed the sector by 7.02% today. The company's performance has been poor, with a return on equity of only 2.34%, indicating low profitability. Additionally, the latest quarterly results show a net profit after tax of Rs -0.10 crore, a significant decline of 105.1% compared to the previous four-quarter average, and the lowest net sales at Rs 9.59 crore.
In the broader market context, the stock's performance has lagged behind the benchmark, with a year-to-date return of -31.75% compared to the Sensex's gain of 4.49%. While the stock has seen increased investor participation, with delivery volume rising by 103.3% against the five-day average, the overall sentiment remains negative due to the company's poor management efficiency and below-par performance in both the long and short term. The stock's long-term returns have also been disappointing, with a decline of 40.67% over the past year, further contributing to the downward pressure on its price.