Why is NIIT falling/rising?

As of 18-Sep, NIIT Ltd's stock is currently priced at 112.55, reflecting an increase of 0.55, or 0.49%. The stock has shown a performance today that outperformed its sector by 0.52%. However, it is important to note that while the stock is higher than its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 1.21%, but it has underperformed the benchmark Sensex, which rose by 1.80%. Additionally, the stock has experienced a decline in investor participation, with delivery volume falling by 16.33% against the 5-day average. The company has a low debt-to-equity ratio and high institutional holdings at 23.49%, indicating some level of confidence from institutional investors despite the stock's challenges.
Broader Market Context: In the context of the broader market, NIIT Ltd's year-to-date performance shows a significant decline of 41.04%, contrasting sharply with the Sensex's gain of 6.24% during the same period. The stock's long-term growth prospects appear poor, with net sales declining at an annual rate of 16.73% and operating profit plummeting by 235.47% over the last five years. Furthermore, the company reported negative results in June, including a 22.6% fall in PAT and the lowest cash and cash equivalents recorded. This underperformance, coupled with a negative EBITDA and a high PEG ratio of 11.5, suggests that the stock is trading at a risky valuation compared to its historical averages, contributing to its overall decline in value.