Why is NCC falling/rising?

As of 13-Nov, NCC Ltd's stock price is currently at 184.35, reflecting a decrease of 2.25, or 1.21%. The stock has underperformed its sector by 1.71% today and has experienced a consecutive decline over the last two days, with a total drop of 2.36% during this period. Additionally, NCC has shown significant underperformance in the past week, month, and year, with returns of -5.66%, -11.52%, and -34.10%, respectively. Despite a high management efficiency indicated by a ROCE of 16.94% and a strong ability to service debt with a low Debt to EBITDA ratio, the stock is trading at a premium compared to its peers and has seen a decline in profits by 7.1% over the past year. The negative results reported in September, including a 22.9% fall in PAT, further contribute to the stock's downward movement.
In the broader market context, the Sensex has shown positive returns of 1.40% over the past week and 2.61% over the past month, contrasting sharply with NCC's negative performance. The stock's year-to-date decline of 32.83% stands in stark contrast to the Sensex's gain of 8.11% during the same period. This significant underperformance against the benchmark indicates that investor sentiment towards NCC is weak, despite rising delivery volumes suggesting some interest. The high institutional holdings at 29.52% may reflect a cautious approach from informed investors, as they analyze the company's fundamentals amidst its recent struggles.