Why is NMDC Steel falling/rising?

As of 30-Jun, NMDC Steel Ltd is currently priced at 41.06, reflecting a decrease of 0.24 or 0.58%. The stock has recently underperformed its sector, falling after six consecutive days of gains. In terms of returns, the stock has shown a positive performance over the past week and month, with increases of 8.74% and 7.71%, respectively. However, it has struggled year-to-date with a decline of 4.89% and a significant drop of 27.55% over the past year. The company has reported high institutional holdings at 20.63%, indicating some confidence among larger investors, but it also faces challenges such as operating losses and a weak long-term fundamental strength, as evidenced by a negative EBITDA and a high Debt to EBITDA ratio.
In the broader market context, while NMDC Steel has outperformed the benchmark Sensex in the short term, the overall trend shows consistent underperformance over the last three years, with the stock generating negative returns compared to the benchmark. The Sensex has increased by 2.09% over the past week and 2.65% over the past month, highlighting that while NMDC Steel has seen some short-term gains, it remains vulnerable due to its long-term financial struggles and recent operational losses. This combination of factors contributes to the stock's current downward movement despite some positive short-term metrics.