Why is NMDC Steel falling/rising?

As of 18-Jul, NMDC Steel Ltd's stock price is currently at 39.50, reflecting an increase of 0.18 or 0.46%. The stock's performance today is in line with its sector, although it is experiencing a decline in investor participation, with delivery volume falling by 8.16% against the 5-day average. Over the past week, the stock has decreased by 0.78%, but it has shown a positive return of 3.81% over the last month. Despite this recent uptick, the stock has significantly underperformed over the longer term, with a year-to-date decline of 8.50% and a staggering 31.70% drop over the past year. The company's financials indicate high institutional holdings at 20.57%, which may provide some stability, but the ongoing operating losses and a negative EBITDA signal weak long-term fundamentals.
In the broader market context, NMDC Steel's recent performance contrasts with the benchmark Sensex, which has seen a slight increase of 0.38% over the past month. The stock's inability to generate positive returns over the last year, coupled with a high debt-to-EBITDA ratio and a consistent underperformance against the benchmark, raises concerns about its long-term viability. While the stock has shown some short-term resilience, the overall negative trends in profitability and growth suggest that investors remain cautious, contributing to the stock's fluctuating price movements.