Why is NELCO falling/rising?

As of 29-Jul, NELCO Ltd's stock price is currently at 844.70, reflecting a decline of 0.65, or 0.08%. The stock has been underperforming recently, with a consecutive fall over the last three days resulting in a total drop of 3%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased significantly, falling by 35.27% compared to the 5-day average, which suggests a lack of investor interest. The company's financial performance has also been concerning, with a low operating profit growth rate of -11.27% over the last five years and a significant drop in profit before tax and profit after tax in the most recent quarter. Despite having a low Debt to EBITDA ratio, the overall negative financial indicators and the absence of domestic mutual fund investment signal a lack of confidence in the stock.
In the broader market context, NELCO's short-term performance has been notably worse than the benchmark, with a 1-week return of -3.62% compared to the Sensex's -1.03%. Over the past month, NELCO has declined by 17.02%, while the Sensex has only fallen by 3.24%. This stark contrast highlights the stock's struggles relative to the market. The company's poor long-term growth prospects, as evidenced by its significant profit declines and low investor participation, further contribute to its negative performance. Overall, the combination of weak financial results, declining investor interest, and poor relative performance against the benchmark underscores the reasons for NELCO's falling stock price.