Why is NIBE falling/rising?

As of 11-Jul, NIBE Ltd's stock price is currently at 1,593.15, reflecting a decrease of 21.15 points or 1.31%. The stock has been experiencing a downward trend, having lost 2.48% over the last two days and showing a one-week decline of 4.60%. Despite this recent drop, the company demonstrates strong fundamentals, including a low Debt to EBITDA ratio of 1.08 times, indicating a solid ability to service its debt. Additionally, the promoters have increased their stake by 0.66%, which signals confidence in the company's future. However, the stock's performance over the past month is concerning, with a decline of 16.14%, while the one-year return shows a significant drop of 17.88%.
In the broader market context, the Sensex has only decreased by 1.12% over the past week, indicating that NIBE's short-term performance is underperforming relative to the benchmark. The stock's recent decline is further emphasized by its performance against the Sensex, which has shown a slight positive return of 5.58% year-to-date. The stock's liquidity remains adequate for trading, but the overall market sentiment appears to be less favorable, contributing to the stock's current downward trajectory.