Why is NCC falling/rising?

As of 02-Sep, NCC Ltd's stock price is currently at 211.95, reflecting an increase of 0.85 or 0.4%. The stock has been gaining for the last two days, with a total return of 3.59% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential struggle in maintaining upward momentum. Despite a significant decline of 34.11% over the past year, the company has shown healthy long-term growth with net sales increasing at an annual rate of 22.72% and operating profit at 17.84%. The low debt-to-equity ratio of 0.09 and a return on equity of 11.2 suggest a stable financial position, while high institutional holdings at 30.2% indicate confidence from larger investors.
In the broader market context, NCC Ltd's recent performance contrasts with the benchmark Sensex, which has seen a decline of 0.78% over the past week. While NCC's short-term return of 0.07% over the same period is slightly positive, it underperforms the market's overall trend. The stock's significant drop over the past year, compared to the benchmark's lesser decline of 2.91%, highlights its underperformance. Despite these challenges, the increase in delivery volume by 66.94% suggests rising investor participation, which could be a positive sign for future price movements.