Why is Nakoda Group falling/rising?

As of 18-Jul, Nakoda Group of Industries Ltd is experiencing a decline in its stock price, currently at Rs 28.60, which reflects a decrease of 0.4 or 1.38%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.38%. It is also trading close to its 52-week low, just 0.35% away from Rs 28.5. The stock's performance over the past week shows a drop of 1.24%, and over the past month, it has decreased by 4.57%. The company is facing significant challenges, including operating losses and a high Debt to EBITDA ratio of 9.35 times, which indicates a low ability to service its debt. Furthermore, the stock has generated a return of -30.24% over the past year, while its profits have plummeted by 71.7%, contributing to its weak long-term fundamental strength.
In the broader market context, the Sensex has shown a slight increase of 0.38% over the past month, contrasting with Nakoda Group's significant decline. This consistent underperformance against the benchmark is evident over the last three years, where the stock has generated negative returns while the broader market has seen gains. The company's liquidity appears adequate, with a notable rise in delivery volume, suggesting some investor interest; however, the overall sentiment remains negative due to the company's financial struggles and operational inefficiencies.