Why is Natl. Gen. Inds. falling/rising?

As of 02-Jul, National General Industries Ltd is experiencing a decline in its stock price, currently at Rs 54.20, reflecting a decrease of Rs 2.85 or 5.0%. The stock has underperformed its sector by 6.41% today and has been on a downward trend for the last two days, with a total drop of 9.67% during this period. It opened with a significant loss of 4.91% and reached an intraday low of Rs 54.20. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. The company's performance has been poor, with a reported operating loss and a negative return on capital employed (ROCE), which has contributed to its weak long-term fundamental strength. The stock has consistently underperformed against the benchmark, with a 1-year return of -25.57% compared to the BSE500.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has recorded a 10.44% decline over the past week while the Sensex has gained 0.79%. Over the last year, while National General Industries Ltd has seen a substantial drop in value, the benchmark has risen by 5.00%. This consistent underperformance highlights the stock's struggles in a market that has generally been more favorable. The falling investor participation, evidenced by a significant drop in delivery volume, further underscores the lack of confidence in the stock, which is trading at risky levels compared to its historical valuations.