Why is Diligent Indust. falling/rising?

As of 25-Jun, Diligent Industries Ltd's stock price is currently at 2.06, reflecting a decline of 0.04 or 1.9%. The stock has been on a downward trend, having underperformed its sector by 1.63% today and experiencing a consecutive fall for the last 11 days, resulting in a total drop of 18.9% during this period. Over the past year, the stock has generated a return of -60.14%, despite a 24.8% increase in profits. While it has a very attractive valuation with a ROCE of 6.1 and is trading at a discount compared to its peers, the company faces challenges such as weak long-term fundamental strength and a high Debt to EBITDA ratio of 10.97 times, which may contribute to investor concerns.
In the broader market context, Diligent Industries Ltd has significantly underperformed against the benchmark, with a one-week return of -8.85% compared to the Sensex's gain of 1.61%. The stock's long-term performance has also been poor, with a decline of 80.52% over the past three years, while the Sensex has increased by 56.95% during the same period. This consistent underperformance against the benchmark, combined with the stock's recent price movements and fundamental weaknesses, indicates a challenging environment for Diligent Industries Ltd, leading to its current decline.