Why is Tulsyan NEC falling/rising?

As of 08-Jul, Tulsyan NEC Ltd is experiencing a decline in its stock price, currently at Rs. 37.39, which reflects a decrease of Rs. 1.81 or 4.62%. The stock has hit a new 52-week low of Rs. 35.31 today and has underperformed its sector by 4.36%. Over the past three days, the stock has consistently fallen, resulting in a total drop of 5.32%. The company's performance has been poor, with a significant decline in returns over various periods, including a year-to-date drop of 46.89% and a one-year decline of 51.69%. The company has also reported negative results for the last three consecutive quarters, with a high debt-to-EBITDA ratio and a concerning trend of negative net sales and profits, contributing to its weak long-term fundamental strength.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting sharply with Tulsyan NEC's 12.64% decline during the same period. This stark difference highlights the stock's underperformance relative to the benchmark. Additionally, the stock's liquidity has diminished, with a drastic drop in delivery volume, indicating reduced investor interest. The high percentage of pledged promoter shares further exacerbates the stock's vulnerability in a falling market, adding to the downward pressure on its price. Overall, the combination of poor financial performance, negative investor sentiment, and unfavorable market conditions has led to the stock's continued decline.