Why is Nimbus Projects falling/rising?

As of 18-Jul, Nimbus Projects Ltd is experiencing a decline in its stock price, currently at 208.95, which reflects a decrease of 4.55 or 2.13%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 9.29% during this period. Today's trading saw the stock touch an intraday low of Rs 202.85, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume plummeting by 75.5% against the 5-day average. While the stock has shown impressive long-term returns of 294.25% over the past year, it is facing severe challenges, including operating losses and a weak ability to service debt, which have contributed to its current downward trend.
In the broader market context, Nimbus Projects has underperformed compared to the benchmark Sensex, which has only declined by 0.90% over the past week, while Nimbus has dropped by 6.28%. This stark contrast highlights the stock's struggles relative to the market. Despite its historical performance, the company's weak long-term fundamentals, including a negative EBITDA and poor sales growth, raise concerns among investors. The negative results reported in March, including a significant fall in profit after tax and a low debtors turnover ratio, further exacerbate the stock's risk profile, leading to its current decline in price.