Why is Nihar Info Glob. falling/rising?

As of 20-Jun, Nihar Info Global Ltd's stock is currently priced at 5.35, reflecting a decline of 0.41, or 7.12%. The stock has underperformed its sector by 7.78% today, following a trend reversal after two consecutive days of gains. Despite a notable increase in delivery volume, which rose by 110.53% against the 5-day average, the stock's performance over the past month shows a significant decline of 9.01%. Additionally, the company's long-term fundamentals appear weak, with an operating profit decline of 262.79% over the last five years and a negative EBIT to interest ratio of -2.22. The stock has consistently underperformed against the benchmark, generating a return of -8.86% over the past year, while 26.9% of promoter shares are pledged, adding further downward pressure in a falling market.
In the broader market context, Nihar Info Global Ltd's short-term return of 1.90% over the past week contrasts with the Sensex's return of 1.59%, indicating some relative strength in the very short term. However, the stock's year-to-date performance shows a decline of 14.40%, while the Sensex has gained 5.46%, highlighting a significant underperformance. The company's weak financials, including negative EBITDA and poor growth prospects, coupled with a lack of positive momentum in the market, suggest that the stock's recent decline is driven by both internal challenges and broader market dynamics.