Why is NMDC Steel falling/rising?

As of 14-Jul, NMDC Steel Ltd is experiencing a decline in its stock price, currently at 39.18, which reflects a decrease of 0.63 or 1.58%. The stock has underperformed its sector by 1.55% today and has been on a consecutive downward trend for the last two days, resulting in a total return of -2% during this period. Over the past week, the stock has declined by 2.00%, and it has shown a significant year-to-date drop of 9.24%. Despite some positive quarterly results, including the highest net sales recorded, the company is facing challenges such as operating losses and a negative EBITDA, which contribute to its weak long-term fundamental strength. Additionally, the stock's performance has been hindered by a high debt-to-EBITDA ratio and a consistent underperformance against benchmarks over the last three years.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.40% over the past month and 5.27% year-to-date. This indicates that while the overall market is experiencing growth, NMDC Steel is struggling to keep pace, reflecting a broader trend of underperformance with a return of -34.70% over the past year compared to the Sensex's modest gain of 2.15%. The falling investor participation, as evidenced by a decrease in delivery volume, further suggests a lack of confidence in the stock, which is compounded by its weak financial fundamentals and the risks associated with its current valuation.