Why is NIIT falling/rising?

As of 29-Aug, NIIT Ltd's stock price is currently at 107.00, reflecting a decrease of 1.25, or 1.15%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.39%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week shows a decline of 4.63%, and over the past month, it has decreased by 9.32%. The company has also reported a low Debt to Equity ratio and high institutional holdings at 23.49%, which may provide some stability; however, the negative factors, including poor long-term growth and recent negative financial results, are contributing to the stock's downward trend.
In the broader market context, NIIT's recent performance has been notably worse than the benchmark, with the Sensex declining only 1.84% over the same week. The stock's year-to-date performance is particularly concerning, with a significant drop of 43.95% compared to the Sensex's gain of 2.14%. The company's negative EBITDA and poor sales growth further exacerbate the situation, indicating that investor confidence is waning. Overall, the combination of underperformance relative to the market and troubling financial indicators suggests that NIIT is facing significant challenges that are leading to its current decline.