Why is Nettlinx falling/rising?

As of 03-Jul, Nettlinx Ltd's stock price is currently at 25.37, reflecting a decrease of 0.51, or 1.97%. The stock has been on a downward trend, having underperformed its sector by 1.77% today and experiencing a consecutive fall over the last four days, resulting in a total decline of 6.04% in that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. While the stock has a very attractive valuation with a return on capital employed (ROCE) of 7 and is trading at a discount compared to its peers, it has suffered a significant decline of 75.40% over the past year, despite a slight profit increase of 1.2%. The company's weak long-term fundamentals, including a negative compound annual growth rate (CAGR) in net sales and a low return on equity, further contribute to the stock's poor performance.
In the broader market context, Nettlinx's short-term performance has been notably worse than the benchmark, with a 1-week return of -6.04% compared to the Sensex's decline of only 0.62%. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 60.77% against the 5-day average. Additionally, the reduction in promoter stake by 3.84% over the previous quarter may signal diminishing confidence in the company's future prospects. Overall, the stock's continued decline reflects both its weak performance relative to the market and the underlying concerns regarding its financial health and investor sentiment.