Why is Niyogin Fintech falling/rising?

As of 27-Jun, Niyogin Fintech Ltd's stock is currently priced at Rs 59.94, reflecting a decrease of Rs 3.61, or 5.68%. The stock has underperformed its sector by 5.77% today, following a trend reversal after four consecutive days of gains. It reached an intraday high of Rs 65.01 but fell to a low of Rs 58.2, indicating high volatility with a wide trading range of Rs 6.81. Despite trading above its moving averages, the stock has shown weak long-term fundamental strength, with an average Return on Equity (ROE) of 0% and negative EBITDA. The company has reported positive results for the last three consecutive quarters, with net sales growing significantly, but the overall performance remains overshadowed by a poor long-term growth outlook and a substantial underperformance compared to the market over the past year.
In the broader market context, Niyogin Fintech's short-term performance has been relatively strong, with a 1-week return of 11.62% compared to the Sensex's 2.00%. However, the stock has significantly lagged behind the benchmark in the longer term, with a year-to-date return of -17.13% against the Sensex's 7.58%. This underperformance, combined with the company's weak fundamentals and high volatility, contributes to the perception of the stock as a risky investment, leading to its current price decline.