Why is NLC India falling/rising?

As of 25-Jul, NLC India Ltd. is experiencing a decline in its stock price, currently at Rs 238.85, reflecting a decrease of Rs 6.55 or 2.67%. Today's performance indicates that the stock has underperformed its sector by 0.33% and has reversed its trend after three consecutive days of gains, touching an intraday low of Rs 235. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting some underlying strength. However, the stock has generated a negative return of 15.38% over the past year, despite a significant increase in profits by 41.4%. The company's high Debt to EBITDA ratio of 5.83 times raises concerns about its ability to service debt, contributing to the stock's recent downward movement.
In the broader market context, NLC India's short-term return of 2.31% over the past week contrasts with the Sensex, which has seen a decline of 0.36%. While the stock has shown some resilience in the short term, its year-to-date performance remains negative at -5.03%, compared to the Sensex's positive return of 4.25%. The power generation and distribution sector has also faced a decline of 2.38%, indicating a challenging environment for stocks in this sector. Overall, while institutional holdings are high at 21.5%, suggesting confidence from larger investors, the combination of high debt levels and poor long-term growth prospects continues to weigh on NLC India's stock performance.