Why is Diligent Indust. falling/rising?

As of 23-Jun, Diligent Industries Ltd is experiencing a decline in its stock price, currently at 2.14, which represents a decrease of 0.04 or 1.83%. The stock has been underperforming significantly, having fallen consecutively for the last nine days, resulting in a total drop of 15.75% during this period. Over the past week, the stock has decreased by 8.55%, while its performance over the past year shows a staggering decline of 58.59%. Despite a recent increase in investor participation, with delivery volume rising by 43.69% against the five-day average, the stock's overall performance remains weak, particularly given its low return on capital employed (ROCE) of 4.34% and high debt to EBITDA ratio of 10.97 times.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, as it has consistently underperformed against the BSE 500 over the last three years. While the Sensex has shown a slight increase of 0.12% over the past week, Diligent Industries Ltd's significant drop highlights its struggles in the current market environment. The company's long-term growth prospects appear weak, with net sales growing at an annual rate of only 12.04% over the last five years, further contributing to investor concerns and the stock's declining price.