Why is NIIT falling/rising?

As of 22-Sep, NIIT Ltd's stock price is currently at 111.00, reflecting a decrease of 1.05, or 0.94%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 1.38% during this period. Additionally, the stock has shown poor performance over the past week and month, with returns of -0.40% and -1.07%, respectively. The company has a low Debt to Equity ratio and high institutional holdings at 23.49%, but it faces significant challenges, including a negative EBITDA and a troubling long-term growth outlook, with net sales declining at an annual rate of -16.73% over the last five years.
Broader market context indicates that while the Sensex has gained 0.46% over the past week, NIIT's performance has been negative, highlighting a stark contrast in short-term returns. The stock's liquidity appears adequate for trading, but a notable drop in delivery volume by 28.36% against the five-day average suggests waning investor interest. Overall, the combination of negative financial results, poor growth prospects, and underperformance relative to the benchmark has contributed to the stock's decline.