Why is NMDC Steel falling/rising?

As of 08-Jul, NMDC Steel Ltd is currently priced at 39.92, reflecting a decrease of 0.06 or 0.15%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 2.63% during this period. Over the past week, the stock has underperformed with a return of -1.67%, while it has shown a slight positive return of 1.14% over the past month. However, the stock's year-to-date performance is notably poor at -7.53%, and it has significantly underperformed over the past year with a decline of 30.77%. The company is facing challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a high Debt to EBITDA ratio and a consistent decline in operating profit. Additionally, the stock's liquidity has decreased, with delivery volumes falling by nearly 25% against the five-day average.
In the broader market context, while the Sensex has shown a slight increase of 0.02% over the past week and a more substantial gain of 7.13% year-to-date, NMDC Steel's performance has been starkly contrasting. The stock's recent performance is indicative of its consistent underperformance against the benchmark, as it has lagged behind the BSE500 in each of the last three annual periods. The high institutional holdings at 20.63% suggest that some investors may have confidence in the company's potential, but the overall negative sentiment driven by operational losses and declining profitability continues to weigh heavily on the stock's price.