Why is Sh. Dinesh Mills falling/rising?

As of 27-Jun, Shri Dinesh Mills Ltd is experiencing a decline in its stock price, currently at 319.05, reflecting a decrease of 5.95 points or 1.83%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.05% during this period. Today's trading saw the stock reach an intraday high of Rs 333.45 but also dip to a low of Rs 312.5. It is trading below all significant moving averages, indicating a bearish trend. The stock has shown a significant decline over the past year, with a return of -37.94%, and its profits have decreased by 11.2%. Despite a high dividend yield of 9.4%, the company's low debt-to-equity ratio and attractive valuation are overshadowed by its poor long-term growth prospects and consistent underperformance against benchmarks.
In the broader market context, the stock's short-term performance has been notably weaker compared to the benchmark, with a 1-week return of -5.04% against a positive return of +2.00% for the Sensex. This trend of underperformance has persisted over longer periods, with the stock lagging behind the benchmark in returns over the past year and three years. The declining investor participation, as evidenced by a 13.42% drop in delivery volume, further contributes to the stock's negative sentiment. Overall, the combination of poor sales growth, flat financial results, and reliance on non-operating income has led to a lack of confidence among investors, resulting in the stock's current downward trajectory.