Why is NIBE falling/rising?

As of 03-Nov, NIBE Ltd's stock price is currently at 1,190.00, reflecting a decrease of 18.2 points or 1.51%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.63% during this period. In the past week, the stock has decreased by 5.26%, while over the last month, it has experienced a significant drop of 18.71%. Despite a recent intraday high of Rs 1239, the stock is trading below all its moving averages, indicating a bearish trend. Additionally, while there has been a rise in investor participation, with delivery volume increasing by 62.27%, the overall sentiment remains negative due to the company's recent poor financial performance, including a substantial decline in profits and net sales.
Broader market context shows that NIBE Ltd has significantly underperformed compared to the benchmark, with a one-year return of -36.70% against the Sensex's positive return of 5.34%. This stark contrast highlights the challenges the company faces, particularly following the negative results declared in June 2025, which included a 94.48% drop in profit before tax and a 76.0% decrease in profit after tax. Although the company has a strong ability to service debt and has shown healthy long-term growth in net sales and operating profit, these positive factors are overshadowed by the recent financial setbacks and the stock's overall poor performance relative to the market.