Why is Nitiraj Engineer falling/rising?

As of 28-Jul, Nitiraj Engineers Ltd is currently priced at 197.78, reflecting a decrease of 1.1, or 0.55%. The stock has underperformed in the short term, with a 1-week return of -6.32% compared to the Sensex's -1.63%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a notable increase in delivery volume by 100.04% on July 25, which suggests rising investor participation, the stock's overall performance has been hindered by a significant decline in profits, with a year-over-year return of -9.48% and a 60% drop in profits. The company maintains a low Debt to Equity ratio and is trading at a fair valuation relative to its peers, but these factors have not been sufficient to counteract the negative sentiment surrounding its recent financial performance.
In the broader market context, Nitiraj Engineers Ltd's short-term performance has been notably weaker than the benchmark, as evidenced by its 1-week return of -6.32% versus the Sensex's -1.63%. This underperformance is compounded by the company's recent financial struggles, including a substantial decline in profit before tax and a decrease in profit after tax over the last six months. While the stock has shown strong long-term growth over three and five years, the recent trends indicate a challenging environment for the company, leading to a cautious outlook among investors.