Why is Nihar Info Glob. falling/rising?

As of 04-Jul, Nihar Info Global Ltd is currently priced at 5.35, reflecting an increase of 0.06 or 1.13%. The stock has shown mixed performance recently, with a 1-week decline of 3.95% while gaining 7.00% over the past month. However, it has underperformed significantly over the longer term, with a year-to-date decline of 14.40% and a 3-year drop of 40.49%. Today's price summary indicates that the stock has outperformed its sector by 0.42%, but it is trading below several moving averages, which may signal weakness. Additionally, the company is facing challenges such as operating losses, a weak ability to service debt, and a negative EBITDA, which contribute to its perception as a strong sell. The fact that 26.9% of promoter shares are pledged adds to the risk, particularly in a falling market.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the Sensex by 0.42% today, despite its longer-term underperformance against the benchmark over the past year and three years. While the Sensex has gained 6.77% year-to-date, Nihar Info Global Ltd has struggled, reflecting a broader trend of investor caution due to its weak fundamentals and declining investor participation, as evidenced by a 4.17% drop in delivery volume against the 5-day average. This combination of factors suggests that while there may be short-term gains, the overall outlook remains challenging for the stock.