Why is Nicco Parks falling/rising?

As of 20-Jun, Nicco Parks & Resorts Ltd is experiencing a decline in its stock price, currently at Rs 111.80, which reflects a decrease of Rs 2.2 or 1.93%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 4.44% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock's performance over the past week shows a decline of 2.82%, and it has underperformed significantly over the past month and year, with returns of -7.10% and -25.09%, respectively. The company's financial health is also concerning, as it reported a decrease in profits and has a low debt-to-equity ratio, which may signal investor caution.
In the broader market context, the Sensex has shown positive movement, gaining 1.59% over the past week, while Nicco Parks has continued to decline, highlighting its underperformance relative to the benchmark. This disparity is further emphasized by the fact that domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its valuation and growth potential. The company's poor long-term growth, with net sales increasing at only 6.58% annually over the last five years, combined with negative quarterly results, has contributed to its weak market position. Overall, the stock's recent performance reflects a combination of negative financial indicators and a lack of investor interest, leading to its current downward trajectory.