Why is NMDC Steel falling/rising?

As of 04-Sep, NMDC Steel Ltd's stock price is currently at Rs 41.73, reflecting a decline of Rs 1.3 or 3.02%. Today's price summary indicates that the stock has underperformed its sector by 2.24% and has experienced a trend reversal after three consecutive days of gains. The stock touched an intraday low of Rs 41.55, and the weighted average price suggests that more volume was traded closer to this low price. Despite this decline, NMDC Steel is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has shown positive results in recent quarters, with a significant growth in net sales of 18.57%, but it also faces challenges such as weak long-term fundamental strength and a negative EBITDA, which contribute to its current price movement.
In the broader market context, NMDC Steel's short-term performance has been relatively strong compared to the benchmark, with a 1-week return of +10.25% versus the Sensex's +0.80%. However, over the longer term, the stock has underperformed significantly, with a year-to-date return of -3.34% compared to the Sensex's +3.30%. This underperformance is compounded by the stock's negative return of -23.96% over the past year, which is much worse than the market's decline of -1.98%. The high institutional holdings at 20.57% suggest that more informed investors are involved, but the overall weak fundamentals and high debt levels raise concerns about the stock's future performance.