Why is NIIT falling/rising?

As of 30-Jul, NIIT Ltd's stock price is currently at 116.25, reflecting a decline of 1.75, or 1.48%. The stock has underperformed its sector by 0.73% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, NIIT has seen a return of -4.71%, and its performance over the last month is down by 11.16%. The company has also experienced a significant drop in investor participation, with delivery volume falling by 32.37% compared to the 5-day average. Despite having a low debt-to-equity ratio and high institutional holdings at 23.49%, the company's long-term growth prospects appear poor, with net sales decreasing at an annual rate of -16.96% and operating profit declining dramatically.
In the broader market context, while the Sensex has decreased by 1.50% over the past week, NIIT's decline of 4.71% indicates a more pronounced underperformance relative to the benchmark. The stock has generated negative returns of -6.44% over the past year, contrasting sharply with the Sensex's slight gain of 0.03% in the same period. This underperformance is compounded by the company's negative operating profits and poor financial results, which have contributed to a perception of risk among investors. Overall, the combination of declining sales, negative operating profits, and falling investor participation suggests that NIIT is facing significant challenges that are impacting its stock price negatively.