Why is Nitco falling/rising?

As of 06-Nov, Nitco Ltd's stock price is currently at Rs. 92.80, reflecting a decline of Rs. 8.0 or 7.94%. The stock has hit a new 52-week low of Rs. 91.5 today and has been on a downward trend, losing 16.02% over the past week and 17.84% over the past month. This decline is compounded by the fact that the stock has underperformed its sector by 5.97% today and has experienced a significant drop in returns over the past year, with a decrease of 22.47%. Although the company reported a remarkable growth in operating profit of 1214.11% in June, it faces serious challenges, including a weak long-term fundamental strength indicated by a 0% average Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio of -1.00 times, which raises concerns about its ability to service debt.
In the broader market context, Nitco's performance has been notably poor compared to the benchmark, as the Sensex has only declined by 1.30% over the past week while Nitco has dropped by 16.02%. This stark contrast highlights the stock's significant underperformance, particularly as it has generated negative returns of 22.47% over the last year, while the broader market has seen a return of 1.73%. The high volatility of the stock, with an intraday volatility of 7.52%, further indicates investor uncertainty and risk, exacerbated by the fact that 87.75% of promoter shares are pledged, which can add downward pressure in a falling market.