Why is NCL Industries falling/rising?

As of 23-Jul, NCL Industries Ltd is experiencing a decline in its stock price, currently at 226.95, which represents a decrease of 7.1 points or 3.03%. The stock has underperformed its sector today by 2.56% and has seen a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 223.7, reflecting a drop of 4.42%. In terms of returns, the stock has shown a modest performance over the past month with a gain of 0.75%, but it has lagged behind the Sensex, which increased by 1.01%. Despite a strong ability to service debt indicated by a low Debt to EBITDA ratio of 1.38 times, the stock's profitability has significantly declined, with profits falling by 69% over the past year, contributing to its current downward movement.
In the broader market context, the stock's short-term performance has been weaker than the benchmark, as it has decreased by 0.70% over the past week while the Sensex has gained 0.11%. Although the stock has shown a positive year-to-date return of 3.84%, it still trails behind the Sensex's 5.87% gain. The recent increase in investor participation, with a notable rise in delivery volume, suggests some underlying interest; however, the overall liquidity remains adequate for trading. The stock's current valuation is attractive compared to its peers, but the significant drop in profits raises concerns that may be influencing investor sentiment negatively.