Why is NELCO falling/rising?

As of 23-Jul, NELCO Ltd's stock price is currently at 865.60, reflecting a decrease of 10.8 points or 1.23%. The stock has underperformed its sector today by 0.53% and has experienced a trend reversal, falling after two consecutive days of gains. It reached an intraday low of Rs 855.3, indicating a decline of 2.41%. Over the past week, NELCO has seen a return of -2.51%, and its performance over the last month has been significantly negative at -17.98%. The company's ability to service debt is strong, with a low Debt to EBITDA ratio of 1.01 times; however, it faces challenges with poor long-term growth, as evidenced by an annual operating profit decline of 11.27% over the last five years. Recent negative financial results, including a significant drop in operating cash flow and profit before tax, further exacerbate the stock's downward movement.
In the broader market context, NELCO's short-term performance has lagged behind the benchmark Sensex, which has gained 0.11% over the past week. While the stock has generated a return of 10.23% over the past year, its profits have plummeted by 69.9%, raising concerns among investors. Additionally, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's valuation and business prospects. This combination of poor recent performance, declining investor participation, and negative financial indicators contributes to the stock's current downward trend.