Why is Nilkamal Ltd falling/rising?

As of 01-Aug, Nilkamal Ltd's stock price is currently at Rs 1,615.00, reflecting a decrease of Rs 68.00 or 4.04%. The stock has been on a downward trend, having underperformed its sector by 2.73% today and experiencing a consecutive fall over the last three days, resulting in a total decline of 11.99%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The delivery volume has significantly dropped by 79.1% compared to the 5-day average, suggesting a decline in investor participation. Over the past year, the stock has generated a return of -15.66%, while profits have decreased by 4.4%, reflecting poor performance both in the near term and long term.
In the broader market context, Nilkamal Ltd's short-term performance has been notably worse than the benchmark, with a 1-week return of -9.46% compared to the Sensex's -1.06%. This underperformance is compounded by the company's weak growth metrics, such as a low ROCE of 8.6 and disappointing net sales growth of 11.86% over the last five years. The recent negative results, including a significant drop in PAT and operating profit ratios, further contribute to the stock's decline. Despite having a low Debt to EBITDA ratio and attractive valuations compared to peers, the overall sentiment remains negative due to the company's inability to generate positive returns in both the short and long term.