Why is Nihar Info Glob. falling/rising?

As of 16-Jul, Nihar Info Global Ltd's stock price is currently at 5.18, reflecting a decrease of 0.27, or 4.95%. The stock has been underperforming significantly, with a consecutive decline over the last five days resulting in a total drop of 7.5% in that period. In terms of longer-term performance, the stock has shown a year-to-date decline of 17.12%, and it has consistently underperformed against the benchmark, the Sensex, over the past three years. Key financial indicators reveal a concerning trend, with operating losses and a negative EBITDA, suggesting weak long-term fundamental strength. Additionally, 26.9% of promoter shares are pledged, which may exert further downward pressure on the stock price in a declining market.
In the broader market context, while the Sensex has seen a modest increase of 1.02% over the past month, Nihar Info Global Ltd's performance has been starkly negative, with a 2.26% decline in the same timeframe. This stark contrast highlights the stock's ongoing struggles relative to the market. The company's weak ability to service its debt, as indicated by a poor EBIT to Interest ratio, coupled with a significant drop in operating profit, further exacerbates investor concerns. Overall, the combination of poor financial performance, high promoter share pledges, and consistent underperformance against the benchmark contributes to the stock's downward trajectory.