Why is NMDC Steel falling/rising?

As of 02-Jul, NMDC Steel Ltd's stock price is currently at 40.44, reflecting a decrease of 0.16, or 0.39%. The stock has been underperforming, having lost 2.08% over the last three days and is currently lower than its 200-day moving averages, despite being higher than its shorter-term moving averages. Additionally, the stock has shown a significant decline in investor participation, with delivery volume dropping by 34.35% compared to the five-day average. Over the past year, NMDC Steel has generated a return of -29.21%, indicating a consistent underperformance against the benchmark, particularly given its weak long-term fundamental strength characterized by operating losses and a high Debt to EBITDA ratio.
In the broader market context, NMDC Steel's short-term performance of +4.82% over the past month contrasts with the Sensex's return of +2.50%, suggesting some relative strength in the short term. However, the stock's year-to-date performance of -6.32% is significantly worse than the Sensex's +6.75%, highlighting ongoing challenges. The company's high institutional holdings of 20.63% may provide some support, but the overall negative sentiment due to poor profitability and operational losses continues to weigh heavily on its stock price.