Why is NMS Global falling/rising?

As of 14-Jul, NMS Global Ltd's stock price is currently at Rs 66.50, reflecting a decrease of Rs 2.29 or 3.33%. The stock has underperformed its sector by 2.61% today and has experienced a trend reversal after eight consecutive days of gains, touching an intraday low of Rs 65, which represents a decline of 5.51%. Despite a strong performance over the past month with a return of 54.11%, the stock has significantly underperformed over the last year, generating a return of -41.55%. The company has a high debt-to-equity ratio of 17.22, indicating weak long-term fundamental strength, and while its profits have risen by 32% over the past year, the overall growth in net sales has been negative, contributing to investor concerns.
In the broader market context, the Sensex has shown a slight increase of 1.40% over the past month, contrasting with NMS Global's impressive short-term performance. However, the stock's long-term underperformance, with a return of -41.55% compared to the market's 2.15% over the past year, highlights its struggles. The falling investor participation, evidenced by a 60.96% drop in delivery volume, further indicates a lack of confidence among investors. Overall, while the stock has attractive valuation metrics and has performed well recently, the high debt levels and poor long-term growth prospects are significant factors contributing to its current decline.