Why is NIIT falling/rising?

As of 24-Sep, NIIT Ltd's stock price is currently at 108.85, reflecting a decrease of 0.45 or 0.41%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a total decline of 3.29% during this period. Additionally, NIIT's performance over the past week shows a decline of 2.81%, while it has underperformed significantly over the year with a return of -35.32%. The company's financial health is concerning, as evidenced by a negative EBITDA and poor long-term growth metrics, including a -16.73% annual growth rate in net sales over the last five years. Furthermore, the stock is trading below all key moving averages, indicating a bearish trend. Despite having a low debt-to-equity ratio and high institutional holdings, these factors have not been sufficient to bolster investor confidence, especially in light of recent negative financial results.
In the broader market context, NIIT's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight increase of 0.50% over the past month. The stock's decline of 2.99% over the same period highlights its underperformance relative to the market. This trend is compounded by a significant drop in investor participation, with delivery volume decreasing by 29.19% compared to the five-day average, suggesting waning interest among traders. Overall, the combination of poor financial results, negative growth indicators, and declining investor engagement contributes to the stock's downward trajectory amidst a relatively stable market environment.