Why is Nelcast falling/rising?

As of 31-Oct, Nelcast Ltd. is experiencing a decline in its stock price, currently at Rs 117.25, which represents a decrease of Rs 8.8 or 6.98%. Today's price summary indicates that the stock opened with a significant loss of 4.8% and reached an intraday low of Rs 115.5, reflecting a drop of 8.37%. The stock has underperformed its sector by 6.73% today, and it is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has shown negative returns over the past week, month, and year, with a 1-year return of -1.05% compared to a 5.73% gain in the benchmark index. While there are positive factors such as a healthy long-term growth rate in operating profit and increasing institutional investor participation, the company also faces significant challenges, including a high Debt to EBITDA ratio of 3.09 times and disappointing quarterly results, which have contributed to its recent price decline.
In the broader market context, Nelcast's short-term performance has been notably weaker than the benchmark, with a 1-week return of -2.29% compared to a slight decline of 0.32% in the Sensex. This underperformance is compounded by a decrease in investor participation, as evidenced by a 27.17% drop in delivery volume against the 5-day average. Despite some attractive valuation metrics and a PEG ratio of 1.5, the overall sentiment surrounding the stock remains negative due to its inability to service debt effectively and the recent flat results in profitability. This combination of factors has led to a lack of confidence among investors, further driving the stock's decline.