Why is Niyogin Fintech falling/rising?

As of 10-Jul, Niyogin Fintech Ltd's stock price is currently at 58.95, reflecting a slight increase of 0.15 or 0.26%. The stock has shown a trend reversal by gaining after three consecutive days of decline. Despite this recent uptick, the stock has underperformed over the past year, with a return of -13.27% compared to a 4.09% increase in the benchmark. Positive factors include the company declaring strong results for the last three consecutive quarters, with net sales growing by 68.05%. However, the stock also faces challenges, such as weak long-term fundamentals indicated by an average return on equity of 0% and negative EBITDA, which contribute to its perception as a risky investment.
In the broader market context, Niyogin Fintech's short-term performance has outpaced the Sensex, which has seen a slight decline of 0.06% over the past week, while Niyogin has gained 1.01%. However, the stock's year-to-date performance remains concerning, with a decline of 18.50% compared to a 6.46% increase in the benchmark. The falling investor participation, evidenced by a significant drop in delivery volume, may also indicate a lack of confidence among retail investors, despite high institutional holdings that have increased by 6.06% over the previous quarter. This mixed sentiment reflects the complexities surrounding the stock's recent movement.