Why is Niyogin Fintech falling/rising?

As of 30-Jun, Niyogin Fintech Ltd is experiencing a decline in its stock price, currently at 58.86, reflecting a decrease of 1.08 or 1.8%. Despite this drop, the stock has shown positive performance over the past week and month, with returns of 9.43% and 20.61%, respectively. Today's price summary indicates that Niyogin Fintech is trading above its moving averages across various time frames, and there has been a slight increase in delivery volume, suggesting rising investor participation. However, the stock has underperformed its sector by 0.5%. The company has reported positive results for the last three consecutive quarters, with net sales growing significantly, but it also faces challenges such as negative EBITDA and weak long-term fundamental strength, which may contribute to the current price decline.
In the broader market context, Niyogin Fintech's recent performance contrasts with the benchmark, as it has underperformed the market over the last year, generating a return of -13.58% compared to the BSE 500's 3.95%. This underperformance highlights the stock's struggles despite some positive short-term trends. The high institutional holdings at 21.19% may provide some stability, as these investors typically have better resources to analyze the company's fundamentals. However, the overall negative sentiment surrounding the stock, driven by its weak long-term growth prospects and recent price movements, suggests that investors remain cautious.