Why is NIIT falling/rising?

As of 01-Aug, NIIT Ltd's stock price is currently at Rs 114.00, reflecting a decrease of Rs 1.9 or 1.64%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 3.39% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The delivery volume has also decreased significantly, falling by 37.49% compared to the 5-day average, which suggests a decline in investor participation. Furthermore, the company has reported poor long-term growth metrics, including a negative annual growth rate in net sales and operating profit over the last five years, contributing to the stock's recent struggles. In the broader market context, NIIT's short-term performance has been notably worse than the benchmark, with a 1-week return of -5.04% compared to the Sensex's -1.06%. This underperformance is compounded by the company's negative operating profits and low cash reserves, which heighten the perceived risk among investors. Although the company has a low debt-to-equity ratio and high institutional holdings, the overall sentiment remains cautious due to the company's declining financial health and poor sales growth. As a result, the stock's performance is viewed unfavorably in both the short and long term, leading to its current downward trajectory.