Why is NMDC Steel falling/rising?

As of 22-Jul, NMDC Steel Ltd is experiencing a decline in its stock price, currently at 39.56, reflecting a decrease of 0.34 or 0.85%. The stock has underperformed its sector by 0.45% today and has shown a trend reversal after two consecutive days of gains. In terms of returns, the stock has increased by 1.18% over the past week and 5.80% over the past month, but it has significantly underperformed on a year-to-date basis with a decline of 8.36%. Positive factors include a notable growth in net sales and high institutional holdings, which suggest some level of confidence among informed investors. However, the company is facing challenges such as operating losses and a weak long-term growth outlook, with a significant drop in profits over the past year, contributing to the current price movement.
In the broader market context, while NMDC Steel has shown some short-term resilience with positive returns over the past week and month, it still lags behind the benchmark Sensex, which has seen a slight decline of 0.47% in the same week and 0.27% over the past month. The stock's year-to-date performance is particularly concerning, as it has underperformed the Sensex, which has gained 5.18% this year. This consistent underperformance against the benchmark, coupled with the company's negative EBITDA and high debt levels, paints a challenging picture for NMDC Steel, leading to its current downward price movement.