Why is NLC India falling/rising?

As of 14-Aug, NLC India Ltd. is experiencing a decline in its stock price, currently at 237.10, which reflects a decrease of 3.9 or 1.62%. The stock has underperformed its sector by 0.92% today and has reversed its trend after three consecutive days of gains. Despite a positive performance over the past week and month, with returns of 1.61% and 4.54% respectively, the stock has struggled year-to-date, showing a decline of 5.73%. The company has a high Debt to EBITDA ratio of 5.83 times, indicating a low ability to service debt, which may contribute to investor concerns. Additionally, while the stock is trading at a discount compared to its peers, its profitability, as indicated by a Return on Capital Employed of 7.2%, remains low, which could be affecting investor sentiment.
In the broader market context, the Sensex has shown a slight decline of 0.03% over the past week, suggesting that the market environment is relatively stable but not particularly favorable. NLC India's recent performance contrasts with the benchmark's positive year-to-date return of 3.15%, highlighting the stock's struggles in comparison to the overall market. The falling investor participation, with a significant drop in delivery volume, further indicates a lack of confidence among investors, which could be exacerbating the stock's decline. Overall, while there are some attractive valuation metrics, the company's high debt levels and poor long-term growth prospects are likely contributing to the downward pressure on its stock price.