Why is United Drilling falling/rising?

As of 24-Sep, United Drilling Tools Ltd's stock price is currently at Rs 202.00, reflecting a decrease of Rs 3.0, or 1.46%. The stock has been underperforming, having lost 1.73% over the last two days and trading below all key moving averages. Additionally, the stock's performance over the past month shows a decline of 2.58%, and it has significantly underperformed the benchmark Sensex, which has gained 0.50% in the same period. The company's recent financial metrics indicate a low Debt to Equity ratio of 0.08, but it has also faced poor long-term growth, with net sales declining at an annual rate of 6.89% and operating profit down by 30.25% over the last five years.
Broader market context reveals that United Drilling has consistently underperformed against the benchmark over the last three years, with a one-year return of -18.55% compared to the Sensex's decline of only 3.77%. This consistent underperformance, coupled with a significant drop in investor participation—evidenced by a 34.78% decrease in delivery volume—suggests a lack of confidence among investors. While the stock is trading at a discount compared to its peers, the negative trends in sales and profits, along with the recent price decline, indicate that the market sentiment remains bearish.