Why is NCC falling/rising?

As of 05-Aug, NCC Ltd's stock price is currently at 211.10, reflecting a decrease of 0.4, or 0.19%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 5.36% over that period. Additionally, NCC is trading below its moving averages across various time frames, indicating a bearish trend. Despite a healthy long-term growth rate in net sales and a low debt-to-equity ratio, the company reported flat results for the quarter ending June 25, with net sales and profits falling compared to previous averages. This underperformance, combined with a significant decline of 34.64% over the past year, has negatively impacted investor sentiment.
In the broader market context, NCC's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has only declined by 0.77% over the past week. While the stock has seen increased delivery volume, suggesting rising investor participation, the overall market sentiment remains cautious due to the company's recent financial results and its substantial underperformance relative to the market. High institutional holdings may provide some stability, but the recent financial metrics and the stock's significant drop over the past year contribute to a negative outlook for NCC Ltd.