Why is Nocil falling/rising?

As of 28-Aug, Nocil Ltd. is experiencing a decline in its stock price, currently at 175.40, which reflects a decrease of 3.7 or 2.07%. The stock has been underperforming, having lost 5.29% over the past week and 2.64% over the past month. It has also seen a consecutive fall for the last four days, with an intraday low of Rs 174.7. Nocil is trading below all key moving averages, indicating a bearish trend. Furthermore, the company has reported negative results for the last three consecutive quarters, with a significant drop in profit after tax and operating cash flow. The stock's valuation appears expensive compared to its peers, and institutional investor participation has decreased, suggesting a lack of confidence in the company's future performance.
In the broader market context, Nocil's short-term performance has been worse than the benchmark, as it has underperformed the Sensex, which has only declined by 2.34% over the same week. This consistent underperformance against the benchmark over the past three years, coupled with a significant drop in returns of 38.29% over the last year, highlights the challenges the company faces in regaining investor trust. The overall market sentiment appears to be cautious, particularly for Nocil, as evidenced by falling investor participation and the company's ongoing struggles with profitability and growth.