Why is NIIT falling/rising?

As of 11-Nov, NIIT Ltd's stock price is currently at Rs 97.95, reflecting a decrease of 0.4 (-0.41%). The stock has been experiencing a downward trend, having fallen for the last two days with a total decline of -3.12%. It is trading close to its 52-week low, just 1.38% above Rs 96.6. Over the past week, the stock has underperformed significantly, with a return of -5.04%, compared to a positive return of +0.49% for the Sensex. The company has reported negative results for the last three consecutive quarters, with a notable decline in net sales and operating profit over the past five years. Additionally, the stock is trading below all key moving averages, indicating a bearish trend. Despite a low debt-to-equity ratio and high institutional holdings, the poor long-term growth prospects and negative EBITDA contribute to the stock's recent decline.
In the broader market context, NIIT's short-term performance has been notably weaker than the benchmark, as evidenced by its -5.04% return over the past week compared to the Sensex's +0.49%. This underperformance is consistent with the stock's year-to-date return of -48.69%, which starkly contrasts with the Sensex's gain of +7.34% during the same period. The overall market appears to be performing well, while NIIT's struggles with declining sales and profitability have led to a lack of investor confidence, further exacerbating its price decline.