Why is NMDC Steel falling/rising?

As of 16-Jul, NMDC Steel Ltd's stock price is currently at 39.36, reflecting an increase of 0.26 or 0.66%. The stock has shown a trend reversal by gaining after three consecutive days of decline. Despite this positive movement today, the stock has underperformed in the short term, with a 1-week return of -0.46% compared to the Sensex's -1.08%. Additionally, the stock's year-to-date performance is down by 8.83%, and it has experienced a significant decline of 33.15% over the past year. Positive factors include high institutional holdings at 20.63%, which suggests confidence from knowledgeable investors, and the highest quarterly net sales recorded at Rs 2,838.25 crore. However, the company faces challenges such as operating losses, a negative EBITDA, and a weak long-term growth outlook, which contribute to its overall risk profile.
In the broader market context, while NMDC Steel's stock has outperformed its sector by 1.16% today, it has consistently underperformed against the benchmark over the last three years, with a substantial decline in returns compared to the BSE500. The stock's liquidity remains adequate for trading, but falling investor participation, as indicated by a 5.31% decrease in delivery volume, raises concerns about ongoing interest in the stock. Overall, the combination of recent positive price movement, high institutional confidence, and significant underlying financial challenges paints a complex picture of the stock's current standing in the market.