Why is Niyogin Fintech falling/rising?

As of 09-Jul, Niyogin Fintech Ltd's stock price is currently at Rs 58.80, reflecting a decrease of Rs 1.35 or 2.24%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.13% during this period. Today's trading saw the stock reach an intraday low of Rs 57.15, indicating a significant drop of 4.99%. Despite positive results in the last three quarters, with net sales growing by 68.05% and an increase in institutional holdings, the stock's long-term fundamentals remain weak, highlighted by a negative EBITDA and an average return on equity of 0%. This combination of factors has contributed to the stock's recent downward movement.
In the broader market context, Niyogin Fintech's performance over the past week shows a decline of 0.91%, while the benchmark Sensex has increased by 0.15%. Over the past month, however, the stock has outperformed the benchmark with a return of 12.04% compared to the Sensex's 1.32%. Despite this short-term outperformance, the stock has significantly underperformed over the year, with a return of -12.11% against the market's positive return of 6.91%. This ongoing underperformance, coupled with the recent price decline, suggests that investor sentiment may be cautious, particularly given the stock's weak long-term growth prospects.