Why is NIIT Learning falling/rising?

As of 22-Sep, NIIT Learning Systems Ltd is experiencing a decline in its stock price, currently at Rs 321.55, reflecting a decrease of 6.15 points or 1.88%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 4.14% during this period. It opened with a significant loss of 3.83% today and reached an intraday low of Rs 315.15. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -37.89%, while its profits have only risen by 1.8%. Despite a high management efficiency indicated by a return on equity (ROE) of 20.84% and a low debt-to-equity ratio, these positive factors have not been sufficient to counteract the stock's recent poor performance.
In the broader market context, NIIT Learning's short-term performance has been notably weaker than the benchmark Sensex, which has gained 0.46% over the past week while NIIT Learning has declined by 3.10%. This underperformance is compounded by a significant drop in investor participation, with delivery volume decreasing by 22.88% against the 5-day average. The stock's liquidity remains adequate, but the overall sentiment appears negative, as indicated by its consistent decline and the fact that it is close to its 52-week low. High institutional holdings at 39.65% suggest that more informed investors are involved, yet their presence has not translated into positive price movements for the stock in the current market environment.