Why is Nimbus Projects falling/rising?

As of 02-Jul, Nimbus Projects Ltd is experiencing a decline in its stock price, currently at Rs 200.10, which reflects a decrease of Rs 13.85 or 6.47%. Today's price summary indicates that the stock underperformed its sector by 4.84%, touching an intraday low of Rs 200. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Despite a significant return of 306.21% over the past year, the company is facing serious challenges, including operating losses and a weak long-term fundamental strength, with net sales declining at an annual rate of 16.12% and a concerning EBIT to Interest ratio of -2.19. Recent negative results, including a PAT of Rs -113.52 crore, have further compounded investor concerns.
In the broader market context, Nimbus Projects has underperformed compared to the benchmark Sensex, which has gained 0.79% over the past week, while Nimbus has dropped 12.24%. This trend continues over the past month, with Nimbus down 16.61% compared to the Sensex's 2.50% increase. The stock's liquidity is adequate, but the rising investor participation does not seem to be enough to counteract the negative sentiment stemming from its financial struggles and poor growth outlook. Overall, the combination of weak financial performance and underperformance relative to the market is contributing to the stock's decline.