Why is Nimbus Projects falling/rising?

As of 11-Jul, Nimbus Projects Ltd is experiencing a decline in its stock price, currently at 222.95, reflecting a decrease of 2.05 or 0.91%. The stock has shown mixed performance recently, with a 1-week return of +0.84%, although it has fallen by 7.10% over the past month. Today's trading saw the stock touch an intraday low of Rs 213.75, indicating a significant drop of 5%. Despite outperforming its sector by 0.3% today and having a strong one-year return of 337.16%, the company is facing serious challenges, including operating losses and a weak long-term growth outlook, with net sales declining at an annual rate of -16.12%. The negative financial results reported for March 25, including a substantial fall in profit before tax and profit after tax, further contribute to the stock's downward pressure.
In the broader market context, while Nimbus Projects has outperformed the Sensex over the past year, the benchmark has shown a modest gain of 3.26%. The stock's recent performance contrasts with the benchmark's slight decline of 1.12% over the past week, suggesting that while it has had a strong historical performance, current financial difficulties and negative earnings reports are overshadowing its potential. The company's weak ability to service its debt and negative EBITDA position adds to the risk, making it less attractive to investors despite its previous high returns.