Why is Niyogin Fintech falling/rising?

As of 14-Jul, Niyogin Fintech Ltd's stock price is currently at Rs 56.61, reflecting a decline of Rs 1.38 or 2.38%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total drop of 3.97%. Despite opening with a gain of 2.5% and reaching an intraday high of Rs 59.44, it also touched a low of Rs 56.05. Over the past week, the stock has decreased by 7.62%, and its year-to-date performance shows a significant decline of 21.73%. While the company has reported positive results in the last three quarters, including a notable growth in net sales, it also faces challenges such as weak long-term fundamental strength and negative EBITDA, which contribute to its current downward trend.
In the broader market context, Niyogin Fintech's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.42% over the past week. The stock's underperformance is evident as it has generated negative returns of 17.97% over the past year, significantly lagging behind the market's modest gains. Additionally, the stock's liquidity appears to be decreasing, with a notable drop in delivery volume, indicating falling investor participation. Although institutional holdings are high, suggesting some confidence from larger investors, the overall sentiment remains cautious due to the company's weak long-term growth prospects and recent price movements.