Why is NIIT falling/rising?

As of 26-Aug, NIIT Ltd's stock price is currently at Rs 110.45, reflecting a decrease of Rs 2.65 or 2.34%. The stock has underperformed its sector by 1.22% today, having touched an intraday low of Rs 109.8. Over the past week, the stock has declined by 0.76%, and it has seen a significant drop of 8.00% over the last month. The company has reported poor long-term growth, with net sales declining at an annual rate of 16.73% and operating profit plummeting by 235.47% over the last five years. Additionally, the stock is trading below all key moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 51.68% compared to the five-day average.
In the broader market context, while the Sensex has decreased by 1.05% over the past week, NIIT's decline of 0.76% indicates that it is performing slightly better than the benchmark in the short term. However, the stock's year-to-date performance is concerning, with a staggering drop of 42.14% compared to the Sensex's gain of 3.39%. The company's high institutional holdings at 23.49% suggest that more sophisticated investors are aware of the company's fundamentals, which may contribute to the stock's risk perception. The negative EBITDA and poor quarterly results further exacerbate the stock's downward trajectory, indicating a challenging environment for NIIT Ltd.