Why is NIBE falling/rising?

As of 17-Nov, NIBE Ltd's stock price is currently at 1,110.50, reflecting a decrease of 33.65 points or 2.94%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 10.12% during this period. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has significantly underperformed the market over various time frames, with a year-to-date decline of 35.04% compared to a positive return of 8.72% for the benchmark. While there are signs of rising investor participation, with delivery volume increasing by 88.52%, the overall sentiment remains negative due to the company's recent poor financial performance, including a substantial drop in net sales and profits.
Broader Market Context: In the context of the broader market, NIBE's recent performance is starkly contrasted by the Sensex, which has shown positive returns of 1.69% over the past week and 8.72% year-to-date. This indicates that while the market is experiencing growth, NIBE is struggling significantly, reflecting a lack of investor confidence. The company's negative results over the last two quarters, including a drastic fall in profit after tax and a low return on capital employed, contribute to its underperformance relative to the market. Despite some positive indicators such as promoter confidence through increased stakeholding, the overall financial health of the company appears to be weighing heavily on its stock price.