Why is NCC falling/rising?

As of 24-Sep, NCC Ltd's stock price is currently at 208.40, reflecting a decrease of 3.5, or 1.65%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total decline of 3.92% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 3.38%, while it has dropped 4.03% over the past month. Despite a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, the recent quarterly results have been disappointing, with net sales and profits falling compared to previous averages. This has contributed to the stock's negative performance, which is further exacerbated by a significant drop in investor participation, as evidenced by a 59.96% decrease in delivery volume.
Broader market context indicates that NCC Ltd has underperformed compared to the Sensex, which has seen a slight gain of 0.50% over the past month, while NCC's return has been negative. Over the past year, NCC's stock has declined by 32.95%, significantly worse than the broader market's decline of 3.77%. This stark contrast highlights the challenges faced by NCC in attracting investor confidence, despite having high institutional holdings and a fair valuation compared to peers. The overall market sentiment appears to be more favorable, which further emphasizes the struggles of NCC Ltd in the current trading environment.