Why is NIIT falling/rising?

As of 04-Nov, NIIT Ltd's stock price is currently at Rs 103.30, reflecting a decrease of Rs 0.6 or 0.58%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 2.13% during this period. Additionally, the stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported negative results for the last three consecutive quarters, with significant declines in both profit before tax and profit after tax. Furthermore, the stock has underperformed in the long term, with a year-to-date return of -45.89%, and has shown poor growth metrics, including a negative EBITDA and declining net sales.
In the broader market context, NIIT's short-term performance has been worse than the benchmark, with a 1-week return of -1.76% compared to the Sensex's -1.38%. This underperformance is compounded by a decrease in investor participation, as evidenced by a 20.81% drop in delivery volume against the 5-day average. While the company has a low debt-to-equity ratio and high institutional holdings, these factors have not been sufficient to counteract the negative sentiment surrounding its financial results and growth prospects. Overall, the stock's recent movements reflect a combination of poor financial performance and a challenging market environment.