Why is Diligent Indust. falling/rising?

As of 12-Aug, Diligent Industries Ltd is experiencing a decline in its stock price, currently at 2.46, which reflects a decrease of 0.19 or 7.17%. The stock has underperformed its sector by 6.14% today, and its delivery volume has significantly dropped by 77.28% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has seen a return of -7.87%, while its performance over the last month has been more positive at +10.81%. However, the stock's year-to-date return stands at -24.77%, and it has faced a substantial decline of -48.64% over the past year. Despite a relatively attractive valuation with a ROCE of 6.1 and profits rising by 24.8%, the company's long-term fundamentals are weak, highlighted by a high Debt to EBITDA ratio and poor growth in net sales.
In the broader market context, the Sensex has only declined by 0.59% over the past week, indicating that Diligent Industries Ltd's recent performance is significantly worse than the market average. The stock's long-term performance is also concerning, as it has underperformed the market over the past year, with a return of -48.64% compared to the BSE500's negative return of -2.11%. This stark contrast suggests that investor sentiment towards Diligent Industries Ltd is particularly negative, exacerbated by its weak long-term growth prospects and high debt levels, leading to a lack of confidence in its ability to recover in the near future.