Why is Nahar Indl. Ent. falling/rising?

As of 18-Sep, Nahar Industrial Enterprises Ltd is experiencing a decline in its stock price, currently at 116.00, reflecting a decrease of 0.5 or 0.43%. The stock has underperformed its sector today by 0.63% and has been on a consecutive downward trend for the last two days, with a total decline of 0.77% during this period. Although the stock has shown a positive return of 2.61% over the past week and 4.04% over the past month, it has significantly underperformed on a year-to-date basis with a drop of 14.99%. The company's fundamentals show a mixed picture; while profits have increased by 27.5% over the past year, the stock has generated a negative return of 23.43%, indicating underlying issues that may be affecting investor confidence.
In the broader market context, the stock's short-term performance has outpaced the benchmark Sensex, which has risen by 1.80% over the same week. However, the long-term outlook remains concerning, as the stock has consistently underperformed against the benchmark over the past three years, with a significant decline of 23.43% in the last year alone. Factors contributing to this negative sentiment include a weak long-term fundamental strength, as evidenced by a low average Return on Capital Employed (ROCE) of 5.72% and a high Debt to EBITDA ratio of 5.76 times. Additionally, the limited interest from domestic mutual funds, holding only 0.06% of the company, suggests a lack of confidence in the stock's valuation and future growth potential, further impacting its price movement.