Why is Nihar Info Glob. falling/rising?

As of 17-Jul, Nihar Info Global Ltd's stock price is currently at 4.93, reflecting a decline of 0.25, or 4.83%. The stock has been underperforming significantly, having fallen for the last six consecutive days, resulting in a total return of -11.96% during this period. Additionally, the stock has shown a poor performance over various time frames, with a year-to-date decline of 21.12% and a three-year drop of 43.14%. The company is facing operational challenges, including negative EBITDA and a weak ability to service its debt, which has contributed to its weak long-term fundamental strength. Furthermore, 26.9% of promoter shares are pledged, adding downward pressure in a falling market.
In the broader market context, Nihar Info Global Ltd has underperformed against the Sensex, which has shown a slight increase of 5.27% year-to-date. The stock's performance over the past week has been particularly poor, with a decline of 11.17% compared to the Sensex's minor drop of just 1.12%. This consistent underperformance against the benchmark, coupled with the company's operational losses and negative growth metrics, indicates a challenging environment for the stock, leading to its current downward trajectory.