Why is NELCO falling/rising?

As of 08-Jul, NELCO Ltd's stock price is currently at 963.75, reflecting a decrease of 9.75 points or 1.0%. The stock has been underperforming, having lost 7.02% over the last four days, and it has underperformed its sector by 2.97% today. In terms of returns, the stock has seen a decline of 4.48% over the past week, although it has gained 6.31% over the past month. However, the year-to-date performance shows a significant drop of 23.81%. The company's financial health is concerning, with a reported fall in net sales of 16.35% and a substantial decline in profit after tax, which has fallen by 182.8% compared to the previous four-quarter average. Despite a low debt-to-EBITDA ratio indicating a strong ability to service debt, the overall poor long-term growth and declining institutional investor participation are negatively impacting the stock's performance.
In the broader market context, while the Sensex has remained relatively stable with a slight increase of 0.02% over the past week, NELCO's performance has been notably weaker. The stock's year-to-date decline of 23.81% starkly contrasts with the Sensex's gain of 7.13%, highlighting a significant divergence in performance. This underperformance is compounded by the company's negative financial results and the reduction of institutional investor stakes, which suggests a lack of confidence in the company's future prospects compared to the overall market.