Why is NELCO falling/rising?

As of 19-Aug, NELCO Ltd's stock price is currently at 840.00, reflecting a decrease of 5.0 points or 0.59%. The stock has been experiencing a consecutive decline over the last three days, resulting in a total drop of 1.77% during this period. Additionally, NELCO is trading below its moving averages across various time frames, indicating a bearish trend. The company has also seen a significant decline in investor participation, with delivery volume falling by 41.64% compared to the five-day average. In terms of performance against benchmarks, NELCO has underperformed, with a year-to-date return of -33.60% compared to a positive 4.49% for the Sensex.
The broader market context shows that NELCO's recent struggles are compounded by poor long-term growth indicators, including a -11.27% annual decline in operating profit over the last five years and a -51.17% drop in profit before tax (PBT) reported in June. The company's financial health is further questioned by negative results in the last two quarters and a low return on capital employed (ROCE) of 11.9, suggesting an expensive valuation. Additionally, the absence of domestic mutual fund investment may indicate a lack of confidence in the stock's prospects. Overall, the stock's performance has been below par both in the short term and long term, contributing to its current downward trajectory.