Why is NMDC Steel falling/rising?

As of 23-Jul, NMDC Steel Ltd's stock price is currently at 39.42, reflecting a decrease of 0.14, or 0.35%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 1.2% during this period. Although the stock has shown a slight increase of 0.15% over the past week and a more significant rise of 4.40% over the past month, it has struggled year-to-date with a decline of 8.69% and a substantial drop of 30.04% over the past year. The company's recent financial performance indicates positive growth in net sales, but it continues to face significant operating losses and a weak long-term fundamental strength, as evidenced by a negative EBITDA and a high debt-to-EBITDA ratio. In the broader market context, NMDC Steel's short-term performance has slightly outpaced the Sensex over the past week but lags behind in the longer term, with a year-to-date return significantly lower than the benchmark's gain of 5.87%. The stock's liquidity appears adequate, with rising investor participation noted in the recent delivery volume. However, the consistent underperformance against the benchmark over the last three years, coupled with a high institutional holding, suggests that while some investors may have confidence in the company's potential, the overall market sentiment remains cautious due to its ongoing operational challenges and historical losses.