Why is NACL Industries falling/rising?

As of 25-Jul, NACL Industries Ltd is experiencing a decline in its stock price, currently at Rs 280.25, which represents a decrease of 14.75 points or 5.0%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 12.19% during this period. Despite a strong long-term performance with a 300.07% increase over the past year, recent financial results have been concerning, with negative net sales and profit after tax, both declining by 42.96%. The company's weak fundamentals, highlighted by a high debt-to-EBITDA ratio and negative EBITDA, further contribute to the stock's downward movement.
In the broader market context, NACL Industries has underperformed relative to the Sensex, which has only seen a slight decline of 0.36% over the past week compared to the stock's 6.89% drop. While the stock has shown strong returns over longer periods, its recent performance indicates significant investor concerns, particularly regarding its operating losses and lack of profitability. The rising investor participation, as indicated by increased delivery volume, suggests some interest, but the overall sentiment remains cautious due to the company's financial instability and lack of domestic mutual fund investment, which may reflect a broader lack of confidence in its future prospects.