Why is Nihar Info Glob. falling/rising?

As of 03-Jul, Nihar Info Global Ltd is experiencing a decline in its stock price, currently at 5.29, reflecting a decrease of 0.19 or 3.47%. The stock has underperformed its sector by 3.27% today and has fallen after two consecutive days of gains. In terms of performance over different periods, the stock has shown a 6.37% decline over the past week, a modest increase of 2.92% over the past month, and a significant year-to-date drop of 15.36%. The company's operating losses and weak long-term fundamentals, highlighted by a staggering annual decline in operating profit of 262.79% over the last five years, contribute to its negative outlook. Additionally, the stock's risk profile is concerning due to negative EBITDA and a high percentage of pledged promoter shares, which can exert further downward pressure in a declining market.
In the broader market context, Nihar Info Global's recent performance contrasts sharply with the benchmark, as it has consistently underperformed against the BSE500 over the last three years, generating a return of -6.70% compared to the benchmark's positive return of 4.07% in the same period. While the stock has seen a rise in investor participation, with delivery volume increasing significantly, this has not translated into positive price movement. The overall market sentiment, coupled with the company's financial struggles, indicates a challenging environment for Nihar Info Global, contributing to its current stock price decline.