Why is Nakoda Group falling/rising?

As of 17-Jul, Nakoda Group of Industries Ltd is experiencing a decline in its stock price, currently at Rs 29.00, reflecting a decrease of Rs 0.6 or 2.03%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, it is close to its 52-week low, just 1.72% away from Rs 28.5. The stock has underperformed its sector by 2.13% today, and over the past year, it has generated a return of -30.95%, significantly lower than the benchmark's performance. The company is facing operating losses, a high Debt to EBITDA ratio of 9.35 times, and a low Return on Equity of 4.34%, all contributing to its weak long-term fundamental strength.
In the broader market context, Nakoda Group's short-term performance over the past week shows a decline of 0.79%, while the benchmark Sensex has decreased by 1.12%, indicating that the stock is slightly outperforming the benchmark in this timeframe. However, the company's consistent underperformance over the last three years, with a staggering decline of 78.50% compared to the benchmark's gain of 53.01%, highlights its ongoing struggles. The rising investor participation, with a significant increase in delivery volume, suggests some interest, but the overall sentiment remains negative due to the company's financial difficulties and historical performance.