Why is Nureca falling/rising?

As of 04-Jul, Nureca Ltd's stock price is currently at Rs 285.00, reflecting a decrease of Rs 3.2 or 1.11%. The stock has underperformed its sector by 1.07% today and has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 280.15, indicating a decline of 2.79%. Despite this, Nureca is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. While the company has shown positive quarterly results with significant growth in PAT and net sales, it faces challenges with poor long-term growth metrics, including a negative EBITDA and a declining annual rate of net sales. Additionally, there has been a decrease in investor participation, with delivery volume dropping by 37.63% compared to the 5-day average, which may contribute to the stock's downward movement.
In the broader market context, Nureca's short-term performance over the past week shows a gain of 0.97%, contrasting with a decline of 0.74% in the Sensex, indicating relative strength in the short term. However, over the longer term, Nureca's year-to-date return of 1.08% lags behind the Sensex's 6.77% increase. The increase in institutional investor participation, with a 0.71% rise in their stake, suggests some confidence in the company's fundamentals, but the overall negative sentiment stemming from its long-term growth issues and current price decline may overshadow these positive factors.