Why is Diligent Indust. falling/rising?

As of 28-Aug, Diligent Industries Ltd is experiencing a decline in its stock price, currently at 2.54, reflecting a decrease of 0.21 or 7.64%. The stock has underperformed its sector by 7.63% today and has been on a consecutive downward trend for the last three days, accumulating a total drop of 15.33% during this period. Over the past week, the stock has seen a significant decline of 13.31%, and its year-to-date performance shows a loss of 22.32%. Despite a rise in profits by 30.6% over the past year, the stock has generated a return of -46.67%, indicating weak long-term fundamental strength, particularly with a low Return on Capital Employed (ROCE) of 6.1 and a high Debt to EBITDA ratio of 10.97 times.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has consistently underperformed against the BSE500 over the last three years, with a notable decline of 46.67% in the past year compared to a 2.48% gain in the benchmark. The stock's liquidity is adequate for trading, but a significant drop in delivery volume by 38.47% against the five-day average suggests falling investor participation. Overall, the combination of weak long-term fundamentals, consistent underperformance against benchmarks, and declining investor interest contributes to the stock's current downward trajectory.