Why is N K Industries falling/rising?

As of 15-Oct, N K Industries Ltd is experiencing a decline in its stock price, currently at Rs 68.40, which represents a decrease of 0.74 or 1.07%. The stock has underperformed its sector today by 5.51%, and it touched an intraday low of Rs 67, reflecting a drop of 3.1%. Over the past week, the stock has seen a significant decline of 8.29%, and its year-to-date performance shows a drop of 10.15%. Despite a strong long-term performance with a 42.98% increase over the past year, the company faces challenges such as a negative book value, weak long-term growth, and high debt levels, which contribute to its current price movement.
In the broader market context, the Sensex has shown a positive return of 1.11% over the past week, contrasting sharply with N K Industries' performance. While the stock has outperformed the benchmark over the long term, its recent struggles highlight a disconnect with the overall market trend. The falling investor participation, as indicated by a 27.13% drop in delivery volume, further exacerbates the stock's decline, suggesting that investor confidence may be waning despite previous strong returns.