Why is Nagreeka Exports falling/rising?

As of 05-Jun, Nagreeka Exports Ltd is experiencing a decline in its stock price, currently at Rs 29.15, which reflects a decrease of Rs 1.44 or 4.71%. Today's price summary indicates that the stock opened significantly lower, with a gap down of 6.67%, and reached an intraday low of Rs 28.55. The stock has shown high volatility today, with an intraday volatility of 6.31%. Over the past week, the stock has underperformed the sector by 6.54%, and its year-to-date performance shows a decline of 19.03%. While the stock has generated a modest return of 2.97% over the past year, it has faced significant challenges, including a 47.2% drop in profits and a 16.34% fall in net sales, leading to negative results for three consecutive quarters. The company's weak long-term fundamentals, characterized by a low Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio, further contribute to the bearish sentiment surrounding the stock.
In the broader market context, Nagreeka Exports' recent performance contrasts sharply with the benchmark Sensex, which has shown a slight increase of 0.80% over the past month. This underperformance is particularly evident in the stock's one-week return of -8.59% compared to the Sensex's minimal decline of 0.23%. The stock's technical indicators also suggest a mildly bearish trend, with several factors indicating weakness. Despite a rise in investor participation, as evidenced by a significant increase in delivery volume, the overall sentiment remains negative due to the company's declining sales and profitability, which overshadow any potential positive valuation metrics.