Why is NLC India falling/rising?

As of 16-Oct, NLC India Ltd. is experiencing a decline in its stock price, currently at Rs 264.05, reflecting a decrease of Rs 4.55 or 1.69%. The stock has underperformed its sector by 2% today, reaching an intraday low of Rs 263. In the past week, the stock has decreased by 2.89%, while it has shown a modest gain of 0.74% over the past month. Despite a strong long-term performance with a 3-year return of 287.45% and a 5-year return of 428.63%, the stock's recent movement is impacted by falling investor participation, as evidenced by a 30.27% drop in delivery volume compared to the 5-day average. The company has a Return on Capital Employed (ROCE) of 7.2, indicating an attractive valuation, but it also faces challenges with a high Debt to EBITDA ratio of 5.83 times and weak long-term growth metrics.
In the broader market context, the Sensex has increased by 1.58% over the past week, contrasting with NLC India's decline, highlighting the stock's underperformance relative to the benchmark. While the stock has shown positive returns year-to-date at 4.99%, it has lagged behind the Sensex's 6.82% gain. The company's high institutional holdings at 21.5% suggest that knowledgeable investors are involved, but the overall weak long-term fundamental strength and flat results in recent quarters may be contributing to the stock's downward trend.