Why is Niyogin Fintech falling/rising?

As of 25-Jul, Niyogin Fintech Ltd is experiencing a decline in its stock price, currently at Rs 58.75, which reflects a decrease of Rs 1.25 or 2.08%. The stock has been on a downward trend for the last four days, with a total drop of 4.84% during this period. It has also touched an intraday low of Rs 58.11. In terms of performance against benchmarks, the stock has underperformed significantly, with a year-to-date return of -18.78% compared to the Sensex's gain of 4.25%. Although the company has reported positive results for the last three consecutive quarters, including a notable growth in net sales, it faces challenges such as weak long-term fundamental strength, negative EBITDA, and a poor return on equity of 0%.
In the broader market context, the finance/NBFC sector has also seen a decline of 2.12%, indicating a challenging environment for stocks in this sector. The stock's recent performance is particularly concerning given its significant underperformance over the past year, where it fell by 13.03% while the broader market (BSE500) only declined by 0.19%. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 42.12% against the five-day average, suggesting waning interest among investors. Overall, these factors contribute to the stock's current downward trajectory.