Why is Nivaka Fashions falling/rising?

As of 23-Jul, Nivaka Fashions Ltd is experiencing a decline in its stock price, currently at 4.21, which reflects a decrease of 0.22 or 4.97%. The stock has underperformed its sector by 4.99% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 6.03% during this period. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 18.59% and 20.63%, respectively. However, the company faces significant challenges, including weak long-term fundamental strength characterized by a -38.93% CAGR growth in net sales over the last five years and a negative EBIT to Interest ratio of -0.02, indicating difficulties in servicing its debt.
In the broader market context, while Nivaka Fashions has outperformed the Sensex in the short term, with a year-to-date return of 13.17% compared to the Sensex's 5.87%, the stock's recent performance indicates a troubling trend. The company's weak profitability, as evidenced by a low average return on equity of 2.36% and a decline in profits over the past year, contributes to its risky trading status. Although there has been a notable increase in investor participation, with delivery volume rising significantly, the overall sentiment remains cautious due to the company's negative operating profits and the potential for further declines in stock value.