Why is NIBE falling/rising?

As of 24-Sep, NIBE Ltd's stock price is currently at 1,351.50, reflecting a decrease of 35.8 points or 2.58%. The stock has underperformed its sector by 0.48% today and has experienced a trend reversal, falling after two consecutive days of gains. It reached an intraday low of Rs 1340, which is a decline of 3.41%. Over the past week, the stock has shown a positive return of 5.36%, but it has significantly underperformed over the year with a return of -32.13%. The company's financial health is mixed; while it has a strong ability to service debt and impressive long-term growth in net sales and operating profit, it recently reported negative quarterly results, including a substantial drop in net sales and profits. Additionally, there has been a decrease in institutional investor participation, which may signal a lack of confidence in the stock's future performance.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has shown a slight decline of 1.18% over the past week. While the market has generated negative returns of -5.32% over the last year, NIBE's decline of -32.13% indicates a much steeper drop, suggesting that investor sentiment towards the stock is particularly negative. The overall performance of the defense sector, which has fallen by 2.06%, may also be contributing to the stock's downward pressure. Despite rising investor participation in terms of delivery volume, the overall liquidity and trading dynamics do not seem to be enough to counteract the negative sentiment stemming from the company's recent financial results and declining institutional interest.