Why is NACL Industries falling/rising?

As of 24-Jul, NACL Industries Ltd is experiencing a decline in its stock price, currently at 295.00, which represents a decrease of 8.2 points or 2.7%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total drop of 7.57%. Today, it opened with a loss of 5% and reached an intraday low of Rs 288.05, indicating significant volatility with an intraday fluctuation of 6.43%. Despite a strong long-term performance, with a 352.25% increase over the past year, the company has reported negative results in its last two quarters, including a 42.96% decline in net sales and a negative profit after tax, which has contributed to the stock's recent downward movement.
In the broader market context, while NACL Industries has outperformed the benchmark Sensex over various periods, including a 63.89% increase over the past month compared to a mere 0.16% for the index, the stock's current performance is concerning. The company's high debt-to-EBITDA ratio and lack of profitability, as indicated by its negative EBITDA and low return on equity, suggest underlying financial weaknesses that may deter investor confidence. Additionally, the falling delivery volume and lack of domestic mutual fund investment signal a cautious market sentiment towards the stock, further exacerbating its recent price decline.