Why is NELCO falling/rising?

As of 10-Jul, NELCO Ltd's stock price is currently at 962.40, reflecting a decrease of 7.6 points or 0.78%. The stock has underperformed in the short term, with a 1-week return of -4.42% compared to a negligible decline of -0.06% in the Sensex. Despite outperforming its sector by 0.26% today, the stock's performance is hindered by a significant decline in net sales of -16.35% and very negative quarterly results, including a substantial drop in profit before tax and profit after tax. Additionally, the company's long-term growth prospects appear weak, with an annual operating profit decline of -7.81% over the past five years. Although the company has a low debt to EBITDA ratio, indicating a strong ability to service debt, the falling participation from institutional investors, who have reduced their stake by -0.59%, raises concerns about the stock's future performance.
In the broader market context, NELCO's recent performance contrasts sharply with the benchmark, as it has shown a year-to-date decline of -23.92% while the Sensex has gained 6.46%. This stark difference highlights the challenges NELCO faces in attracting investor confidence, especially given its poor financial results and declining institutional interest. The stock's liquidity remains adequate for trading, but the overall negative sentiment surrounding its financial health and growth potential continues to weigh heavily on its price movement.