Why is Neelamalai Agro falling/rising?

As of 24-Jul, Neelamalai Agro Industries Ltd's stock price is currently at 3,555.00, reflecting a decrease of 105.2 points or 2.87%. The stock has underperformed its sector by 3.53% today and has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 3,555 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 81.6% against the 5-day average. The company has reported operating losses and a weak long-term fundamental strength, indicated by a poor EBIT to Interest ratio of -3.30 and negative return on capital employed (ROCE). The recent financial results show a decline in profit after tax and earnings before interest, taxes, depreciation, and amortization (EBITDA), further contributing to the stock's downward movement.
In the broader market context, Neelamalai Agro's stock has underperformed against the benchmark, with a 1-week return of -1.43% compared to the Sensex's -0.09% and a year-to-date return of -16.46% against the Sensex's +5.18%. This consistent underperformance over the last three years highlights the stock's struggle to generate positive returns, with a negative EBITDA making it a risky investment compared to its historical valuations. The overall market sentiment appears to be unfavorable for Neelamalai Agro, as it continues to lag behind both sector performance and broader market indices.