Why is Nath Bio-Genes falling/rising?

As of 28-Aug, Nath Bio-Genes (India) Ltd is experiencing a decline in its stock price, currently at Rs 174.00, reflecting a decrease of 1.0 (-0.57%). The stock has underperformed its sector today by 0.98% and has been on a downward trend for the last three days, resulting in a total decline of 2.25% during this period. The stock reached an intraday high of Rs 179 but also fell to a low of Rs 170.3. Over the past year, Nath Bio-Genes has generated a return of -24.35%, while its profits have only increased by 1.6%. The company's weak long-term fundamentals, indicated by a -0.69% CAGR growth in operating profits over the last five years and a low average return on equity of 6.43%, contribute to the negative sentiment surrounding the stock.
In the broader market context, Nath Bio-Genes has underperformed against the benchmark, with a 1-week return of -1.16% compared to the Sensex's -2.34%. This trend of underperformance is consistent over longer periods, as the stock has lagged behind the BSE500 in each of the last three annual periods. Additionally, there has been a notable decrease in institutional investor participation, with a reduction of 1.5% in their stake over the previous quarter, which may further impact market confidence in the stock. Overall, the combination of weak fundamentals, declining investor interest, and consistent underperformance against benchmarks is contributing to the stock's current downward movement.