Why is NELCO falling/rising?

As of 09-Jul, NELCO Ltd's stock price is currently at 970.00, reflecting an increase of 6.25 (0.65%). The stock has shown a trend reversal, gaining after four consecutive days of decline. It outperformed its sector by 1.59% today and reached an intraday high of Rs 983, indicating positive momentum. However, despite a 7.98% increase over the past month, the stock has experienced a significant year-to-date decline of 23.32%. The company's ability to service debt is strong, with a low Debt to EBITDA ratio of 1.01 times, but it faces challenges due to poor long-term growth, as evidenced by a -7.81% annual decline in operating profit over the last five years and a -16.35% drop in net sales reported in March 2025.
In the broader market context, while NELCO's recent performance has been positive, it has underperformed the Sensex over the past week, which saw a slight increase of 0.15%. The stock's year-to-date performance is notably weaker compared to the benchmark's 6.91% gain. Additionally, institutional investors have reduced their stake by 0.59% in the last quarter, indicating a lack of confidence in the company's fundamentals, which could further impact its market perception. Overall, while there are some positive indicators in the short term, the long-term outlook remains concerning due to declining profits and sales, contributing to the stock's mixed performance.