Why is NELCO falling/rising?

As of 24-Sep, NELCO Ltd's stock price is currently at 860.00, reflecting a decrease of 29.0 points, or 3.26%. Today's price summary indicates that the stock has underperformed its sector by 1.16%, with an intraday low of Rs 856.55, which is a decline of 3.65%. Over the past week, the stock has shown a slight gain of 0.83%, but it has significantly underperformed over the year with a return of -19.67%. The company has reported negative results for the last two consecutive quarters, with a substantial fall in profit before tax (PBT) and operating cash flow, contributing to a perception of poor long-term growth. Additionally, the stock's valuation appears expensive relative to its return on capital employed, and domestic mutual funds hold no stake in the company, indicating a lack of confidence among institutional investors.
In the broader market context, while the Sensex has experienced a decline of 1.18% over the past week, NELCO's performance has been relatively better in that timeframe. However, the stock's year-to-date performance is starkly negative at -32.02%, contrasting with the Sensex's positive return of 4.58%. This consistent underperformance against the benchmark over the last three years further highlights the challenges faced by NELCO, as it has not only generated negative returns but has also seen a significant drop in profits, which may deter potential investors and contribute to the stock's current downward trend.