Why is Nivaka Fashions falling/rising?

As of 09-Jun, Nivaka Fashions Ltd is experiencing a decline in its stock price, currently at 3.62, which reflects a decrease of 0.23 or 5.97%. Despite a positive performance in the short term, with a 1-week return of 1.40% compared to the Sensex's 1.32%, the stock has underperformed in the longer term, showing a year-to-date decline of 2.69% against the Sensex's gain of 5.51%. Today's price summary indicates that the stock has underperformed its sector by 7.75%, although it is trading above its moving averages across various time frames. Positive results from March 25, including the highest quarterly PBDIT and PAT, suggest some operational strength, but the company faces significant challenges, including weak long-term fundamental strength and negative operating profits.
In the broader market context, while Nivaka Fashions has shown some resilience in the short term, its long-term performance has been lackluster, with a 5-year return of -64.51% compared to a 142.80% gain in the benchmark. The stock's weak fundamentals, highlighted by a -38.93% CAGR growth in net sales over the last five years and a poor EBIT to interest ratio, contribute to its risk profile. This combination of short-term gains overshadowed by long-term declines and operational challenges has led to a cautious outlook among investors, resulting in the current downward price movement.