Why is Nahar Indl. Ent. falling/rising?

As of 25-Jul, Nahar Industrial Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 124.05, which reflects a decrease of Rs 3.7 or 2.9%. The stock's performance today is in line with the sector, which has seen a drop of 2.96%. Over the past week, the stock has fallen by 3.50%, and it has underperformed significantly over the past month and year, with declines of 8.72% and 23.07%, respectively. Despite a notable increase in profits by 72% over the past year, the stock's negative return suggests underlying issues, including a weak long-term fundamental strength indicated by a -0.55% CAGR growth in net sales over the last five years and a high Debt to EBITDA ratio of 5.76 times.
In the broader market context, the stock's short-term performance has been considerably worse than the benchmark, with the Sensex only declining by 0.36% over the past week. The company has consistently underperformed against the benchmark over the last three years, which may contribute to the lack of confidence among investors, as evidenced by the minimal stake held by domestic mutual funds at just 0.06%. This lack of institutional interest could indicate discomfort with the company's valuation or business prospects, further exacerbating the stock's downward trend.