Why is Nagpur Power falling/rising?

As of 04-Sep, Nagpur Power & Industries Ltd is experiencing a decline in its stock price, currently at Rs 96.30, which reflects a decrease of 3.69% or Rs 3.69. The stock has underperformed its sector by 3.5% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.49%. Additionally, the stock has touched an intraday low of Rs 93, indicating a significant loss of investor confidence. The company's performance over the past week shows a decline of 1.73%, and over the past month, it has fallen by 13.94%. Despite some positive financial indicators, such as a 27.03% growth in net sales and a higher profit after tax, the overall sentiment remains negative due to weak long-term fundamentals, including a low return on equity of 3.21% and poor debt servicing capabilities.
In the broader market context, the Sensex has shown a positive return of 0.80% over the past week, contrasting sharply with Nagpur Power's negative performance. The stock's year-to-date return stands at a troubling -37.87%, while the benchmark has gained 3.30% in the same period. This stark difference highlights the stock's struggle to attract investor interest, particularly as delivery volumes have decreased significantly, falling by 48.41% against the five-day average. The company's valuation appears expensive relative to its peers, and its long-term growth prospects are viewed unfavorably, contributing to the prevailing bearish sentiment surrounding the stock.