Why is Nilachal Refract falling/rising?

As of 05-Jun, Nilachal Refractories Ltd is currently priced at 42.24, reflecting an increase of 0.34 or 0.81%. Despite this slight uptick, the stock has underperformed its sector by 0.93% today. The stock's performance over the past week shows a gain of 2.28%, while it has seen a modest increase of 0.57% over the past month. However, the stock has a concerning year-to-date decline of 17.98% and a one-year drop of 8.41%. Key negative factors impacting the stock include a negative book value, weak long-term growth with net sales declining at an annual rate of 13.04%, and a high debt-to-equity ratio. Additionally, the company reported negative results for the quarter ending March 25, with a significant drop in profit after tax and operating profit, contributing to a bearish technical outlook.
In the broader market context, the Sensex has shown a slight decline of 0.23% over the past week, while Nilachal Refractories Ltd has managed to outperform it in the same timeframe. However, the stock has consistently underperformed against the benchmark over the last three years, generating negative returns compared to the BSE 500. The falling investor participation, as indicated by a 70.57% drop in delivery volume, further suggests a lack of confidence among investors, which may contribute to the stock's volatility and overall negative sentiment in the market.