Why is Nilkamal Ltd falling/rising?

As of 17-Nov, Nilkamal Ltd's stock price is currently at Rs. 1,482.25, reflecting a decrease of Rs. 12.05 or 0.81%. The stock has recently hit a new 52-week low and has been on a downward trend, falling for three consecutive days with a total decline of 1.18% during this period. It is trading below its moving averages across various time frames, indicating weak performance. Additionally, the stock has underperformed significantly over the past year, with a return of -20.53%, while its profits have decreased by 9.7%. Despite having a strong ability to service debt and attractive valuations compared to peers, the overall poor long-term growth and flat results in recent quarters have contributed to the stock's decline.
In the broader market context, Nilkamal Ltd's short-term performance has been notably weaker than the benchmark, as it has declined by 2.05% over the past week, while the Sensex has gained 1.69%. This stark contrast highlights the stock's struggles relative to the market. Furthermore, the company's declining investor participation, evidenced by a nearly 20% drop in delivery volume, suggests waning interest among investors. Overall, the combination of weak short-term returns, poor long-term growth prospects, and underperformance against the benchmark has led to the stock's current downward trajectory.