Why is Diligent Indust. falling/rising?

As of 25-Aug, Diligent Industries Ltd is experiencing a decline in its stock price, currently at 2.86, which reflects a decrease of 0.14 or 4.67%. The stock has underperformed its sector by 5.01% today, following a trend reversal after four consecutive days of gains. Despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, the stock has shown significant underperformance over the past year, with a return of -39.73%. While the company has a very attractive valuation with a return on capital employed (ROCE) of 6.1 and has seen profits rise by 30.6%, it also faces challenges such as a high debt to EBITDA ratio of 10.97 times and weak long-term fundamental strength, which may contribute to investor concerns.
In the broader market context, Diligent Industries has outperformed the Sensex in the short term, with a 1-week return of +19.17% compared to the benchmark's +0.45%. However, the stock's long-term performance has been disappointing, with a -75.61% return over the last three years, indicating consistent underperformance against the benchmark. This contrast between short-term gains and long-term struggles may lead to volatility in investor sentiment, ultimately influencing the stock's current downward movement.