Why is Nitco falling/rising?

As of 04-Jul, Nitco Ltd's stock price is currently at 154.00, reflecting a decrease of 2.15, or 1.38%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 4.2%. Despite touching an intraday high of Rs 160.75 earlier in the day, the overall performance has been hindered by a significant drop in delivery volume, which fell by 61.38% compared to the 5-day average. While the stock has shown impressive long-term returns, including a 98.43% increase over the past year, its recent performance is overshadowed by operating losses and a weak long-term fundamental strength, as indicated by declining net sales and a high debt-to-EBITDA ratio. Additionally, the fact that 87.75% of promoter shares are pledged adds to the risk, particularly in a falling market.
In the broader market context, Nitco's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.74% over the past week, while Nitco has gained 8.41% in the same period. However, the stock's current decline suggests that it is facing challenges despite its strong historical performance. The liquidity of the stock remains adequate for trading, but the significant drop in investor participation indicates a potential lack of confidence among investors. Overall, while Nitco has outperformed the market in the long term, the combination of operational challenges and high promoter share pledges is contributing to its current downward price movement.