Why is NIIT falling/rising?

As of 29-Jul, NIIT Ltd's stock price is currently at 118.00, reflecting an increase of 0.75 or 0.64%. The stock has recently experienced a trend reversal, gaining after seven consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Over the past week, the stock has decreased by 3.28%, and it has seen a significant drop of 10.13% over the past month. Additionally, the stock has a low Debt to Equity ratio and high institutional holdings at 23.49%, which may provide some support, but the company has faced poor long-term growth with net sales declining at an annual rate of 16.96% and operating profit plummeting by 218.47% over the last five years.
In the broader market context, while the Sensex has fallen by only 1.03% over the past week, NIIT's performance has been notably worse, indicating underperformance relative to the benchmark. The stock's liquidity appears adequate for trading, but there has been a concerning drop in investor participation, with delivery volume falling by 35.3% compared to the 5-day average. This lack of interest, coupled with negative operating profits and poor financial results, suggests that investors are wary of the stock's future prospects, contributing to its recent price movements.