Why is NIIT falling/rising?

As of 25-Jul, NIIT Ltd's stock price is currently at 120.05, reflecting a decline of 0.55, or 0.46%. The stock has been experiencing a downward trend, having lost 1.6% over the last two days and showing negative returns of 3.81% over the past week and 8.71% over the past month. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, there has been a decrease in investor participation, with delivery volumes falling by 7.65% against the 5-day average. The company has a low Debt to Equity ratio and high institutional holdings at 24.02%, but these factors are overshadowed by poor long-term growth metrics, including a significant decline in net sales and operating profit over the past five years.
In the broader market context, NIIT's performance has been underwhelming compared to the Sensex, which has only declined by 0.36% over the past week. The stock's year-to-date performance shows a drastic drop of 37.11%, contrasting sharply with the Sensex's gain of 4.25%. This underperformance is compounded by negative financial results, including the lowest cash and cash equivalents and operating profit margins reported recently. The stock's risk profile is concerning, as it has generated minimal returns over the past year while profits have increased, leading to a high PEG ratio of 1.6. Overall, the combination of negative financial indicators and poor relative performance against the benchmark suggests that NIIT is facing significant challenges that are contributing to its current decline.