Why is NCL Industries falling/rising?

As of 01-Jul, NCL Industries Ltd is experiencing a decline in its stock price, currently at 233.30, which reflects a decrease of 1.55 or 0.66%. The stock has underperformed its sector by 1.22% today and has seen a trend reversal after four consecutive days of gains. Despite this recent drop, the stock has shown positive performance over the past week and month, with returns of 3.64% and 9.15%, respectively. It is noteworthy that the stock is trading above its moving averages across various time frames, indicating a generally positive trend prior to this decline. However, the company has faced challenges, as its profits have fallen by 69% over the past year, contributing to a negative annual return of 4.95%.
In the broader market context, NCL Industries' short-term performance has outpaced the benchmark Sensex, which has gained 2.00% over the past week and 2.76% over the past month. This suggests that while the stock is currently facing a decline, it has been performing relatively well compared to the overall market in the short term. The company's strong ability to service debt, indicated by a low Debt to EBITDA ratio of 1.38 times, and its attractive valuation compared to peers may provide some support for the stock moving forward. However, the significant drop in profits over the past year raises concerns that could be influencing investor sentiment negatively, leading to the current price movement.