Why is NILE falling/rising?

As of 01-Aug, NILE Ltd's stock price is currently at 1,879.45, reflecting a decline of 95.35 points or 4.83%. The stock has been underperforming, having fallen consecutively for the last two days, with a total drop of 5.65% during this period. Today's performance has also been weak, with the stock underperforming its sector by 2.42%. Additionally, it reached an intraday low of Rs 1831.05, indicating significant selling pressure. Despite a strong ability to service debt and a fair valuation, the stock has generated a negative return of -15.76% over the past year, which is considerably worse than the broader market's decline of -1.55%. The lack of domestic mutual fund investment may suggest a lack of confidence in the stock's future performance.
In the broader market context, NILE's short-term return of +6.18% over the past week contrasts sharply with the Sensex, which has declined by 1.06%. However, the stock's longer-term performance remains concerning, as it has underperformed the market significantly over the past year. The metal sector, to which NILE belongs, has also faced challenges, evidenced by a 2.4% decline today. The falling investor participation, with a 52.44% drop in delivery volume, further indicates waning interest in the stock, contributing to its recent price decline. Overall, while there are some positive factors, the negative sentiment and recent performance trends suggest that NILE is facing significant headwinds.