Why is NLC India falling/rising?

As of 28-Jul, NLC India Ltd. is experiencing a decline in its stock price, currently at Rs 234.40, which reflects a decrease of Rs 4.45 or 1.86%. The stock has underperformed its sector by 1.59% today and has been on a downward trend for the last two days, with a total decline of 4.32% during this period. The stock's performance over the past week shows a modest gain of 1.67%, but it has significantly underperformed over the past year with a return of -18.70%. Despite positive financial results, including a 215.38% growth in PAT and a 23.00% increase in net sales over the last six months, the stock's high Debt to EBITDA ratio of 5.83 times raises concerns about its ability to service debt, contributing to its recent price decline.
In the broader market context, while the Sensex has shown a slight decline of 1.59% today, NLC India’s performance has been notably weaker, indicating a lack of investor confidence. The stock's year-to-date performance is down by 6.80%, contrasting with the Sensex's positive return of 3.52%. The company has also faced challenges with poor long-term growth, as evidenced by its annual net sales growth rate of only 8.17% over the past five years. This underperformance relative to the market, combined with a significant drop in investor participation and liquidity concerns, suggests that NLC India is struggling to attract investor interest amidst its financial challenges.