Why is NMDC Steel falling/rising?

As of 11-Jul, NMDC Steel Ltd is experiencing a decline in its stock price, currently at 39.81, which reflects a decrease of 0.17 or 0.43%. The stock's performance today is in line with its sector, but it has shown a concerning trend with a 1-week return of -1.70% and a 1-month return of -2.67%. Additionally, the stock has underperformed significantly over the past year, with a return of -33.90%. The company is facing challenges such as falling investor participation, evidenced by a 40.42% drop in delivery volume compared to the 5-day average. Despite some positive results in net sales, the company is grappling with operating losses and a weak long-term fundamental strength, indicated by a negative EBITDA and a high Debt to EBITDA ratio.
In the broader market context, NMDC Steel's performance has been notably weaker than the benchmark, with the Sensex showing a positive return of 5.58% year-to-date while NMDC Steel has declined by 7.78%. This consistent underperformance against the benchmark, coupled with a negative trend in profitability, suggests that investor sentiment is cautious, particularly given the company's high institutional holdings of 20.63%, which may reflect a more analytical approach to its fundamentals. The overall market conditions, combined with the company's operational challenges, contribute to the stock's downward trajectory.