Why is Nahar Indl. Ent. falling/rising?

As of 11-Sep, Nahar Industrial Enterprises Ltd is experiencing a decline in its stock price, currently at 113.05, which represents a decrease of 1.85 or 1.61%. The stock has underperformed its sector by 2.1% today and has fallen after two consecutive days of gains. It has traded within a narrow range of Rs 1 and is currently above its 20-day moving average but below its 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 53.75% compared to the 5-day average. Over the past year, the stock has generated a return of -25.18%, while profits have increased by 27.5%, indicating a disconnect between stock performance and profitability. However, the company has weak long-term fundamentals, with a low Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio, which may contribute to investor concerns.
In the broader market context, the stock's short-term performance has been notably poor compared to the benchmark, with a 1-week return of -0.83% against the Sensex's gain of +1.03%. This trend of underperformance extends over the past month and year, where the stock has consistently lagged behind the benchmark indices. The company's low stake held by domestic mutual funds, at only 0.06%, suggests a lack of confidence among institutional investors, which may further impact market sentiment negatively. Overall, the combination of weak fundamentals, declining investor interest, and poor relative performance against the benchmark contributes to the downward pressure on the stock price.