Why is NELCO falling/rising?

As of 14-Jul, NELCO Ltd's stock price is currently at 905.45, reflecting a decline of 43.85 points or 4.62%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 6.65% during this period. Today's trading saw the stock reach an intraday low of Rs 893, indicating significant selling pressure. Additionally, the stock's performance over the past week shows a decline of 6.99%, while its year-to-date performance is down by 28.42%. The company's operating profit has decreased at an annual rate of 7.81% over the last five years, and recent financial results indicate a substantial drop in profit before tax and profit after tax, contributing to a perception of poor long-term growth. Furthermore, the lack of domestic mutual fund investment suggests a lack of confidence in the stock's valuation.
In the broader market context, NELCO's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.42% over the past week. This underperformance highlights the stock's struggles relative to the market. While the stock has generated a positive return of 7.03% over the past year, this is overshadowed by a significant 59.7% drop in profits during the same period, raising concerns about its sustainability. The stock's liquidity remains adequate for trading, but falling investor participation, as evidenced by a 40.42% decrease in delivery volume, further indicates waning interest. Overall, these factors contribute to a negative outlook for NELCO Ltd, reinforcing its status as a strong sell.