Why is NIIT falling/rising?

As of 19-Sep, NIIT Ltd's stock price is currently at 112.15, reflecting a decrease of 0.4, or 0.36%. The stock has shown a mixed performance recently, with a 1-week return of +1.49%, which is outperforming the Sensex's +0.88%. However, over the longer term, the stock has significantly underperformed, with a year-to-date decline of -41.25% compared to the Sensex's +5.74%. Today's price summary indicates that while the stock is performing inline with its sector, it is trading below its 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a decline in investor participation, with delivery volume falling by 0.24% against the 5-day average, which may indicate waning interest among investors. The company has a low debt-to-equity ratio and high institutional holdings, which typically provide some stability; however, the overall poor long-term growth, negative EBITDA, and disappointing recent financial results contribute to a bearish outlook.
In the broader market context, NIIT's short-term performance of +1.49% over the past week is favorable compared to the Sensex's +0.88%, indicating some resilience in the face of broader market trends. Nevertheless, the stock's long-term performance remains concerning, with a significant decline of -34.78% over the past year, contrasting sharply with the Sensex's near-zero return of -0.67%. This underperformance, combined with negative financial indicators such as a substantial drop in net sales and operating profit over the last five years, paints a troubling picture for investors. The stock's high PEG ratio of 11.5 further suggests that it may be overvalued relative to its earnings growth potential, reinforcing the perception of risk associated with investing in NIIT Ltd at this time.