Why is NLC India falling/rising?

As of 05-Aug, NLC India Ltd. is experiencing a decline in its stock price, currently at Rs 239.60, which represents a decrease of Rs 4.4 or 1.8%. Today's price summary indicates that the stock underperformed its sector by 1.62%, with an intraday high of Rs 251 and a low of Rs 239. Over the past week, the stock has shown a slight decline of 0.17%, while it has performed better over the past month with a gain of 5.20%. Despite the recent positive performance in the last month, the stock has a year-to-date return of -4.73% and a one-year return of -9.28%. Positive factors include significant growth in profit after tax and net sales, alongside high institutional holdings, which suggest strong investor confidence. However, the company faces challenges with a high Debt to EBITDA ratio and low long-term growth rates, which may be contributing to the current price decline.
In the broader market context, NLC India's recent performance contrasts with the benchmark Sensex, which has declined by 0.77% over the past week and has a year-to-date return of +3.29%. While NLC India has outperformed the Sensex in the short term, the overall negative return over the past year indicates broader market pressures that may be affecting investor sentiment. The stock's attractive valuation compared to peers and rising investor participation could provide some support, but the concerns regarding debt servicing and long-term growth prospects may overshadow these positive aspects, leading to the current downward price movement.