Why is N K Industries falling/rising?

As of 14-Aug, N K Industries Ltd is experiencing a decline in its stock price, currently at Rs 65.00, which reflects a decrease of -1.13 or -1.71%. The stock has underperformed its sector by -5.11% today and has seen consecutive losses over the last two days, totaling a drop of -8.84%. Additionally, the stock opened with a loss of -3.22% and reached an intraday low of Rs 64. Despite a positive annual return of +17.97% over the past year, the company faces significant challenges, including a negative book value and weak long-term fundamentals, with net sales declining at an annual rate of -4.88%. The stock's performance is further hampered by a high debt-to-equity ratio and a negative EBITDA, indicating financial instability.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has generated a return of -4.38% year-to-date, while the Sensex has increased by +3.15%. The stock's performance over the last month shows a decline of -0.85%, compared to the Sensex's drop of -2.01%, indicating that while the stock is underperforming, it is not alone in facing challenges. The solvent extraction sector has gained by +3.36%, highlighting that the broader market may be experiencing some positive movements, yet N K Industries is struggling to capitalize on this trend. Overall, the combination of poor financial metrics and recent trading patterns contributes to the stock's downward trajectory.