Why is Diligent Indust. falling/rising?

As of 27-Jun, Diligent Industries Ltd is currently priced at 2.14, reflecting an increase of 0.04 or 1.9%. The stock has been gaining for the last two days, with a total return of 3.88% during this period. However, it has shown a decline of 1.83% over the past week and a significant drop of 58.02% over the last year. While the stock is trading at a discount compared to its peers and has a very attractive valuation with a return on capital employed (ROCE) of 6.1, it has also faced challenges such as weak long-term fundamental strength and a high debt to EBITDA ratio of 10.97 times. The delivery volume has decreased by 6.03% against the five-day average, indicating falling investor participation.
In the broader market context, the stock's recent performance is somewhat in line with the sector, but it has underperformed the benchmark, Sensex, which has gained 2.00% over the past week and 3.07% over the last month. The stock's year-to-date performance is notably poor, with a decline of 34.56% compared to the Sensex's increase of 7.58%. This consistent underperformance against the benchmark over the last three years highlights the challenges Diligent Industries Ltd faces in regaining investor confidence, despite some positive factors such as rising profits and attractive valuations.