Why is NLC India falling/rising?

As of 31-Jul, NLC India Ltd. is currently priced at 241.65, reflecting a decrease of 2.35 (-0.96%). The stock has fallen after two consecutive days of gains, opening with a loss of 3.42% today and touching an intraday low of Rs 235.65. Over the past week, the stock has underperformed with a return of -1.53%, while it has shown a positive return of 6.22% over the past month. Despite this recent decline, the company has reported strong financial results, including a significant growth in profit after tax and net sales, which may indicate underlying strength. However, the stock's high Debt to EBITDA ratio and poor long-term growth metrics suggest concerns regarding its ability to service debt and sustain profitability, contributing to the current price movement.
In the broader market context, NLC India's performance has been weaker compared to the benchmark Sensex, which has declined by 1.22% over the past week. The company's year-to-date return of -3.92% also contrasts with the Sensex's positive return of 3.90%. This underperformance, coupled with a significant drop in investor participation, as evidenced by a 39.19% decrease in delivery volume, indicates a lack of confidence among investors. While high institutional holdings may provide some support, the overall sentiment appears to be cautious, reflecting the stock's struggles in the face of broader market trends.