Why is Nocil falling/rising?

As of 11-Aug, Nocil Ltd. is experiencing a slight increase in its stock price, currently at 174.70, reflecting a change of 0.55 or 0.32% upward. Despite this minor uptick, the stock has underperformed its sector by 0.72% today and has been on a downward trend, having fallen for six consecutive days prior to this increase. Over the past week, Nocil has seen a decline of 2.37%, and its performance over the last month shows a significant drop of 7.98%. The company has reported negative results for the last three consecutive quarters, with a notable decrease in profit and operating cash flow, contributing to a poor long-term growth outlook. Additionally, the stock is trading at a premium compared to its peers, with a high Price to Book Value ratio, which may deter potential investors.
In the broader market context, while the Sensex has shown a slight decline of 0.51% over the past week, Nocil's performance has been considerably worse, indicating a consistent underperformance against the benchmark. The stock has generated a return of -42.13% over the past year, contrasting sharply with the Sensex's positive return of 1.13%. Furthermore, institutional investors have reduced their stakes in Nocil, reflecting a lack of confidence in the company's fundamentals, which may further impact its market performance. Overall, while there is a minor increase in price today, the underlying factors suggest ongoing challenges for Nocil Ltd. in the market.