Why is N K Industries falling/rising?

As of 17-Sep, N K Industries Ltd is experiencing a decline in its stock price, currently at Rs 76.40, which represents a decrease of Rs 5.5 or 6.72%. Today's price summary indicates that the stock has underperformed its sector by 10.51% and has fallen after three consecutive days of gains. The stock reached an intraday high of Rs 84.55 but also touched a low of Rs 75.77, indicating significant volatility with a wide trading range of Rs 8.78. Despite a strong performance over the past year, with a return of 36.43%, the company faces challenges such as a negative book value, weak long-term growth, and high debt levels, which contribute to its current price decline.
In the broader market context, N K Industries has outperformed the benchmark Sensex in both the short and long term, with a 10.72% increase over the past week compared to the Sensex's 1.56% rise. However, the stock's recent volatility and negative factors, including a poor debtors turnover ratio and declining profits, suggest that investor sentiment may be shifting. While the stock has shown strong returns historically, the current market conditions and company fundamentals are causing concern among investors, leading to the recent price drop.