Why is NESCO falling/rising?

As of 06-Nov, NESCO Ltd's stock price is currently at 1,248.00, reflecting a decline of 52.05 points or 4.0%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total drop of 8.97% during this period. Today's trading saw the stock reach an intraday low of Rs 1238.15, and the weighted average price indicates that more volume was traded closer to this low. Despite the recent downturn, the company has shown consistent returns over the last three years, outperforming the BSE500, and has a low debt-to-equity ratio, which may provide some stability. Additionally, there has been an increase in institutional investor participation, with a 0.92% rise in their stake, suggesting confidence in the company's fundamentals.
In the broader market context, NESCO's performance over the past week shows a decline of 8.29%, while the Sensex has only decreased by 1.30%, indicating a significant underperformance relative to the benchmark. Over the past month, NESCO's stock has dropped 9.76%, contrasting with the Sensex's gain of 1.86%. This disparity highlights the stock's recent struggles in a market that has shown some resilience. However, the year-to-date performance remains strong, with a 28.79% increase compared to the Sensex's 6.62%, suggesting that while the stock is facing short-term challenges, its long-term trajectory has been positive.