Why is Nihar Info Glob. falling/rising?

As of 07-Jul, Nihar Info Global Ltd is experiencing a decline in its stock price, currently at 5.11, which reflects a decrease of 0.24 or 4.49%. The company has underperformed its sector by 3.85% today, and it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has seen a return of -3.95%, while it has generated a return of -18.24% year-to-date. 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 performance. Additionally, the stock is considered risky due to a negative EBITDA and a poor EBIT to interest ratio of -2.22, which raises concerns about its ability to service debt. The pledge of 26.9% of promoter shares further adds downward pressure in a falling market.
In the broader market context, Nihar Info Global Ltd's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 0.20% over the same week. While the stock has shown a slight positive return of 2.20% over the past month, its long-term performance remains concerning, with a decline of 43.10% over the last three years compared to a 54.01% increase in the benchmark. This consistent underperformance against the BSE500, coupled with a significant drop in investor participation—evidenced by an 85.99% decrease in delivery volume—indicates a lack of confidence among investors, contributing to the stock's current downward trajectory.