Why is NRB Indl Bearing falling/rising?

As of 28-Jul, NRB Industrial Bearings Ltd is experiencing a decline in its stock price, currently at 24.00, reflecting a decrease of 0.93 or 3.73%. The stock has underperformed its sector by 4% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 8.54% during this period. Over the past week, the stock has fallen by 11.76%, and in the last month, it has decreased by 12.98%. Despite some positive indicators such as a high debtors turnover ratio and cash equivalents, the company faces significant challenges, including a negative book value and a weak long-term growth outlook, which contribute to its recent price movement.
In the broader market context, NRB Industrial Bearings has significantly underperformed compared to the Sensex, which has only fallen by 1.59% over the past week and 3.77% over the past month. The stock's year-to-date performance shows a modest gain of 0.84%, but this is overshadowed by a substantial decline of 33.44% over the past year, indicating a stark contrast to the market's performance. The company's high debt levels and negative EBITDA further exacerbate its risk profile, making it less attractive to investors, which is reflected in the stock's current downward trajectory.