Why is Nakoda Group falling/rising?

As of 01-Jul, Nakoda Group of Industries Ltd is experiencing a decline in its stock price, currently at Rs 29.20, which represents a decrease of Rs 2.4 or 7.59%. The stock has underperformed its sector by 6.9% today, following a trend reversal after four consecutive days of gains. Despite opening with a gain of 7.59% and reaching an intraday high of Rs 34, it has fallen to a low of Rs 29.2. The stock is also close to its 52-week low, just 2.4% away, and has shown high volatility with an intraday fluctuation of 14.44%. Over the past year, the stock has generated a return of -32.33%, significantly underperforming the benchmark, which has seen a 5.31% increase. The company's financial health is concerning, with operating losses and a high Debt to EBITDA ratio of 9.35 times, indicating a weak long-term fundamental strength.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of +1.67% compared to the Sensex's +2.00% and a 1-month return of +0.52% against +2.76% for the benchmark. This consistent underperformance over the last three years, coupled with a negative EBITDA and a significant drop in profits by 71.7%, raises concerns for investors. The company's low return on equity of 4.34% further signifies low profitability, contributing to the stock's current downward trajectory. Overall, the combination of weak financial results, high volatility, and underperformance relative to the market suggests a challenging outlook for Nakoda Group of Industries Ltd.