Why is NELCO falling/rising?

As of 15-Jul, NELCO Ltd's stock price is currently at Rs 881.40, reflecting a decline of Rs 24.05 or 2.66%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total drop of 9.13% during this period. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock's performance over the past week shows a significant decline of 8.54%, while its one-month return is down 17.60%. Despite a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 1.01 times, the company has faced poor long-term growth with an annual operating profit decline of 7.81% over the last five years. Recent negative financial results, including a 49.4% drop in profit before tax and a 24.4% decrease in profit after tax compared to previous quarters, have further contributed to the stock's downward movement.
In the broader market context, NELCO's recent performance contrasts sharply with the Sensex, which has gained 1.79% over the past month. This stark difference highlights the stock's struggles relative to the overall market. The stock's liquidity remains adequate, but the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence among institutional investors. This may indicate that they are not comfortable with the current valuation or the company's business prospects, further exacerbating the stock's decline. Overall, the combination of poor financial performance, negative investor sentiment, and underperformance relative to the benchmark has led to NELCO's falling stock price.