Why is NIIT Learning falling/rising?

As of 29-Jul, NIIT Learning Systems Ltd is experiencing a decline in its stock price, currently at Rs. 327.80, reflecting a decrease of Rs. 1.6 or 0.49%. The stock has underperformed significantly, with a consecutive fall over the last three days resulting in a total decline of 4.45%. Today's performance saw the stock hit a new 52-week low of Rs. 319.85, and it is trading below all major moving averages, indicating a bearish trend. Despite a high management efficiency with a return on equity (ROE) of 20.84% and a low debt-to-equity ratio, the stock has generated a negative return of -32.94% over the past year, which is concerning for investors. The company's profits have increased by 9%, but the overall poor long-term growth and recent underperformance against benchmarks have led to a lack of investor confidence.
In the broader market context, NIIT Learning's short-term performance has been notably worse than the benchmark, with a 1-week return of -2.27% compared to the Sensex's -1.03%. This underperformance is compounded by the stock's significant decline year-to-date at -26.91%, while the Sensex has gained 4.09%. The stock's liquidity remains adequate, with rising investor participation noted, but the overall sentiment is negative due to the company's below-par performance in both long-term and near-term metrics. The high institutional holdings may provide some stability, yet the persistent decline in stock value suggests that investor sentiment remains cautious.