Why is Nilkamal Ltd falling/rising?

As of 11-Aug, Nilkamal Ltd's stock price is currently at 1,575.60, reflecting a decrease of 54.4 points or 3.34%. The stock has underperformed its sector by 5.05% today and has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 1575.5, and it is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has declined by 3.24%, and its year-to-date performance shows a significant drop of 17.94%. Despite having a low Debt to EBITDA ratio and attractive valuation metrics, the stock's recent performance has been negatively impacted by a decline in profits and poor long-term growth indicators, including a 14.41% drop in returns over the past year.
In the broader market context, Nilkamal Ltd's short-term performance has significantly lagged behind the benchmark Sensex, which has only declined by 0.51% over the same week. The stock's underperformance is further highlighted by its negative returns over the past year and three years compared to the broader market, which has shown positive growth. This consistent underperformance, coupled with disappointing financial results and a lack of investor participation, suggests a challenging environment for Nilkamal Ltd, contributing to its current price decline.