Why is Nitco falling/rising?

As of 03-Jul, Nitco Ltd's stock price is currently at Rs. 156.15, reflecting a decrease of Rs. 4.6 or 2.86%. The stock recently hit a new 52-week high of Rs. 164 but has since fallen after five consecutive days of gains, underperforming its sector by 3.75%. Despite a strong performance over the past year, with a return of 102.79%, the company faces significant challenges, including operating losses and a high debt-to-EBITDA ratio, which contribute to its weak long-term fundamental strength. The stock's recent decline can also be attributed to the fact that 87.75% of promoter shares are pledged, which can exert additional downward pressure in a falling market.
In the broader market context, Nitco's short-term performance has been impressive, with a 16.49% increase over the past week, while the benchmark Sensex has declined by 0.62%. However, the company's long-term growth prospects are concerning, as net sales have decreased at an annual rate of -7.37% over the last five years, and its profits have fallen by -71.4% despite the stock's significant price appreciation. This combination of strong short-term returns against a backdrop of poor fundamentals and high risk factors suggests that while the stock has performed well recently, the underlying issues may be contributing to its current price decline.