Why is Nihar Info Glob. falling/rising?

As of 30-Jun, Nihar Info Global Ltd is experiencing a decline in its stock price, currently at 5.32, reflecting a decrease of 0.25 or 4.49%. The stock has underperformed its sector by 4.75% today and has been on a downward trend, losing 5.84% over the last two days. In terms of returns, the stock has shown a negative performance of 3.27% over the past week and 14.88% year-to-date, while it has managed a slight gain of 3.50% over the past month. The company's financial health is concerning, with operating losses and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of -2.22. Additionally, 26.9% of promoter shares are pledged, which can exacerbate downward pressure in a falling market.
In the broader market context, Nihar Info Global Ltd has consistently underperformed against the benchmark, with a 1-year return of -7.96% compared to the Sensex's gain of 5.79%. This trend of underperformance extends over the last three years, where the stock has generated negative returns while the benchmark has seen significant growth. The company's weak long-term fundamentals, highlighted by an annual operating profit decline of -262.79% over the past five years, further contribute to investor skepticism. Despite a rise in delivery volume, the overall sentiment remains bearish, reflecting the stock's risky trading status and negative EBITDA, which are likely deterring potential investors.