Why is NESCO falling/rising?

As of 25-Jul, NESCO Ltd's stock price is currently at 1,242.90, reflecting a decrease of 33.7 points or 2.64%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 3.32%. Today's trading saw the stock reach an intraday low of Rs 1230.95, indicating a significant drop of 3.58%. Despite a strong performance over the longer term, with a 36.73% return over the past year, the stock has underperformed the sector by 0.83% today, and there has been a noticeable decline in investor participation, with delivery volume decreasing by 14.11% compared to the 5-day average.
In the broader market context, NESCO's short-term performance over the past week shows a decline of 2.52%, while the benchmark Sensex has only decreased by 0.36%. This indicates that NESCO is lagging behind the market in the short term. However, the company has demonstrated strong long-term performance, outperforming the BSE500 over various periods, which may provide some reassurance to investors. The company's low debt-to-equity ratio and majority ownership by promoters are positive factors that could support its stability, but the recent price movements suggest that current market sentiment is cautious, leading to the stock's decline.