Why is NMDC Steel falling/rising?

As of 20-Aug, NMDC Steel Ltd's stock price is currently at 40.04, reflecting an increase of 0.29 or 0.73%. The stock has shown a trend reversal, gaining after three consecutive days of decline. However, it has underperformed its sector by 0.25% today, and the delivery volume has decreased significantly by 43.85% compared to the five-day average. Over the past week, the stock has fallen by 7.10%, while it has gained 1.37% over the past month. Despite the positive results reported in June, including an 18.57% growth in net sales and strong operating profit metrics, the stock faces challenges due to weak long-term fundamentals, including a negative EBITDA and a high debt-to-EBITDA ratio.
In the broader market context, NMDC Steel's performance has lagged behind the benchmark, with a one-year return of -27.35% compared to the Sensex's gain of 1.31%. This significant underperformance highlights the stock's struggles relative to the overall market, which has seen a modest increase. The high institutional holdings at 20.57% suggest some confidence from larger investors, but the company's long-term growth concerns and poor ability to service debt may continue to weigh on its stock price. Overall, while there are some positive indicators, the negative factors and recent performance trends contribute to a cautious outlook for NMDC Steel.