Why is NIIT falling/rising?

As of 17-Sep, NIIT Ltd's stock price is currently at 112.00, reflecting a decrease of 0.1, or 0.09%. The stock has shown a trend reversal, falling after two consecutive days of gains. In terms of performance, it has outperformed its sector by 0.25% today, but its recent returns indicate a decline of 0.36% over the past week, while it has gained 2.38% over the past month. However, the stock has significantly underperformed in the long term, with a year-to-date decline of 41.33% and a one-year drop of 39.93%. The company has a low debt-to-equity ratio and high institutional holdings, which could provide some stability, but negative financial results, including a substantial drop in net sales and operating profit, contribute to its poor performance and risk perception.
Broader market context shows that while the Sensex has increased by 1.56% over the past week and 2.60% over the past month, NIIT's stock has not kept pace, indicating a significant underperformance relative to the broader market. The stock's liquidity remains adequate for trading, but a decline in investor participation, with a 15.91% drop in delivery volume, suggests waning interest. Overall, the combination of poor long-term growth, negative EBITDA, and underperformance compared to the benchmark indicates that NIIT is facing challenges that are contributing to its current price decline.