Why is Nakoda Group falling/rising?

As of 07-Jul, Nakoda Group of Industries Ltd is experiencing a decline in its stock price, currently at Rs 28.55, reflecting a decrease of Rs 0.42 or 1.45%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.29%. It is also trading close to its 52-week low, just 0.18% away from Rs 28.5. The stock has shown significant underperformance against the benchmark, with a one-week return of -9.65% compared to the Sensex's -0.20%. Additionally, the company has reported operating losses and a high Debt to EBITDA ratio of 9.35 times, indicating weak long-term fundamental strength and low profitability.
In the broader market context, the FMCG sector has gained by 2.16%, contrasting sharply with Nakoda Group's performance. The stock's liquidity has decreased significantly, with delivery volume dropping by 73.83% against the five-day average. Over the past year, Nakoda Group has generated a return of -34.23%, consistently underperforming the BSE500 index in each of the last three annual periods. This trend of negative performance, coupled with the company's financial struggles, contributes to a perception of risk among investors, leading to a lack of participation and further downward pressure on the stock price.