Why is Sh. Dinesh Mills falling/rising?

As of 16-Jul, Shri Dinesh Mills Ltd's stock price is currently at Rs 291.90, reflecting a decline of Rs 18.1 or 5.84%. The stock has underperformed its sector by 6.37% today, reaching an intraday low of Rs 289.05. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has significantly decreased by 49.35% compared to the 5-day average, suggesting a drop in investor participation. Over the past year, the stock has generated a return of -46.06%, while profits have fallen by 11.2%, contributing to its negative performance. Despite a high dividend yield of 10.3%, the company's low growth rate in net sales and consistent underperformance against benchmarks have raised concerns among investors.
In the broader market context, the stock's short-term return of -6.93% over the past week contrasts sharply with the Sensex, which has only declined by 1.08%. This significant underperformance highlights the stock's struggles relative to the market. Over the last three years, the stock has consistently lagged behind the BSE500, further emphasizing its challenges. The company's flat results and reliance on non-operating income, which constitutes a large portion of its profit before tax, add to the negative sentiment surrounding the stock. Overall, these factors contribute to a lack of confidence among investors, leading to the stock's decline.