Why is Nettlinx falling/rising?

As of 04-Jul, Nettlinx Ltd's stock price is currently at 25.42, reflecting a slight increase of 0.05 or 0.2%. Despite this minor uptick, the stock has been underperforming, having fallen 5.85% over the past week and 75.79% over the last year. Today's performance indicates a trend reversal as the stock has gained after six consecutive days of decline. However, it is trading below all key moving averages, and delivery volume has decreased significantly, indicating reduced investor participation. While the stock is trading at a discount compared to its peers and has shown a slight increase in profits, its long-term fundamentals remain weak, with a negative growth rate in net sales and a significant drop in profit after tax.
In the broader market context, Nettlinx's recent performance contrasts with the Sensex, which has shown a modest decline of only 0.74% over the past week. The stock's underperformance is evident as it has lagged behind the benchmark in both short-term and long-term returns, including a staggering 75.79% drop over the past year compared to the Sensex's 4.23% gain. The reduction in promoter stake also raises concerns about future confidence in the company, further contributing to the stock's lackluster performance in both the near and long term.