Why is N G Industries falling/rising?

As of 03-Jul, N G Industries Ltd is currently priced at Rs 152.00, reflecting a decrease of 0.15 (-0.1%). The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 2.56% during this period. It is trading lower than all its moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 4.61% away from Rs 145. Although the company has reported positive results in the last three quarters, with a significant growth in profit after tax and an attractive valuation compared to peers, it has still underperformed the market over the past year, generating a return of -11.47% against the Sensex's 4.07%.
In the broader market context, N G Industries has underperformed the benchmark indices significantly, with a 1-week return of -2.53% compared to the Sensex's -0.62%. This trend of underperformance continues in the longer term, as the stock has shown a year-to-date decline of 15.56%, while the Sensex has gained 6.53%. The weak long-term fundamental strength of the company, highlighted by a negative CAGR growth in operating profits and a low return on capital employed, further exacerbates investor concerns, contributing to the stock's downward movement despite some positive quarterly results.