Why is N K Industries falling/rising?

As of 13-Jun, N K Industries Ltd is experiencing a decline in its stock price, currently at Rs 69.75, reflecting a decrease of 3.63 (-4.95%). The stock has underperformed its sector by 5.75% today and has been on a downward trend for the last three days, accumulating a total loss of 12.71% during this period. Additionally, the stock opened with a gap down of 4.95% and has remained flat at this price throughout the trading day. Over the past week, the stock has seen a significant decline of 10.55%, and its performance over the last month shows a drop of 15.61%. Despite a strong yearly return of 34.94%, the company faces challenges such as a negative book value, high debt levels, and poor long-term growth metrics, which contribute to its recent price movement.
In the broader market context, while the Sensex has only decreased by 1.30% over the past week, N K Industries' performance has been notably worse, indicating a significant divergence from the market trend. The company's weak fundamentals, highlighted by a negative EBITDA and a substantial drop in profits, further exacerbate investor concerns. The stock's liquidity appears adequate for trading, but falling investor participation, as evidenced by a decline in delivery volume, suggests waning interest. Overall, the combination of negative financial indicators and underperformance relative to the benchmark has led to the stock's current downward trajectory.