Why is Tulsyan NEC falling/rising?

As of 25-Jul, Tulsyan NEC Ltd's stock price is currently at Rs 36.75, reflecting an increase of Rs 0.6 or 1.66%. Despite this uptick, the stock has shown a significant decline over the past week and month, with returns of -3.26% and -9.99%, respectively. The stock is trading lower than its moving averages across various time frames, indicating a bearish trend. Furthermore, the company has reported negative financial results for the last three consecutive quarters, with a notable decline in net sales and a high debt-to-EBITDA ratio, which raises concerns about its long-term viability. The high percentage of pledged promoter shares also adds to the stock's risk profile, contributing to its overall weak performance.
In the broader market context, Tulsyan NEC's recent performance contrasts sharply with the Sensex, which has only declined by 0.36% over the past week. While the stock has outperformed its sector today by 3.46%, its year-to-date return of -47.80% starkly contrasts with the Sensex's positive return of 4.25%. This underperformance over longer periods, including a staggering -59.03% return over the past year, highlights the stock's struggles relative to the market. Overall, while there is a slight rebound today, the underlying fundamentals and historical performance suggest a challenging environment for Tulsyan NEC Ltd.