Why is Nettlinx falling/rising?

As of 30-Jun, Nettlinx Ltd's stock price is currently at 26.46, reflecting a decrease of 0.54, or 2.0%. The stock has underperformed its sector today by 2.26%, and it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has seen a slight decline of 0.15%, and its performance over the last month shows a significant drop of 7.35%. Notably, despite a staggering return of -76.24% over the past year, the company's profits have increased by 1.2%. However, the stock's weak long-term fundamentals, including a -6.63% CAGR growth in net sales over the last five years and a low return on equity of 7.30%, contribute to its negative price movement. Additionally, the recent decrease in promoter stake by 3.84% signals reduced confidence in the company's future.
In the broader market context, Nettlinx's performance contrasts sharply with the Sensex, which has gained 2.09% over the past week and 2.65% over the past month. The stock's year-to-date performance is particularly concerning, with a decline of 66.08%, while the Sensex has risen by 7.00% during the same period. This underperformance is further highlighted by the stock's returns over the last three years, where it has lagged behind the BSE 500 index. The combination of weak sales growth, low profitability, and diminishing promoter confidence indicates a challenging environment for Nettlinx, contributing to its ongoing decline in stock price.