Why is Nakoda Group falling/rising?

As of 02-Jul, Nakoda Group of Industries Ltd is experiencing a decline in its stock price, currently at Rs 29.13, reflecting a decrease of -0.07 (-0.24%). The stock has been underperforming, having fallen for the last two days with a total return of -7.82% during this period. It is trading lower than all key moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 2.16% away from Rs 28.5. Over the past year, Nakoda Group has generated a return of -32.30%, significantly underperforming against the benchmark Sensex, which has risen by 5.00%. The company's financial health is concerning, with operating losses and a high Debt to EBITDA ratio of 9.35 times, leading to a weak long-term fundamental strength. In the broader market context, while the Sensex has shown a positive return of +0.79% over the past week, Nakoda Group's performance has lagged behind, with a return of +0.87% in the same timeframe. This consistent underperformance over the last three years, coupled with a negative EBITDA and declining profitability, has contributed to investor skepticism. Despite a rise in delivery volume, indicating some investor participation, the overall sentiment remains negative due to the company's inability to service its debt and generate adequate returns on equity.