Why is Nettlinx falling/rising?

As of 23-Jun, Nettlinx Ltd's stock price is currently at 26.50, reflecting a decrease of 0.39 or 1.45%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 69.36% compared to the 5-day average. Over the past year, the stock has generated a return of -77.05%, while its profits have only risen by 1.2%. The company's weak long-term fundamentals, highlighted by a -6.63% CAGR growth in net sales over the last five years and a low return on equity of 7.30%, further contribute to its declining stock price. Moreover, the promoters have reduced their stake by 3.84%, suggesting diminished confidence in the company's future.
In the broader market context, Nettlinx's performance has been notably poor compared to the benchmark, with a 1-week return of -7.18% against a slight gain of +0.12% for the Sensex. This underperformance is consistent over longer periods, as the stock has lagged behind the BSE 500 in the last three years, one year, and three months. The stark contrast between Nettlinx's negative returns and the benchmark's positive performance underscores the challenges the company faces in regaining investor confidence and improving its market position.