Why is Tulsyan NEC falling/rising?

As of 01-Aug, Tulsyan NEC Ltd's stock price is currently at 36.70, reflecting an increase of 0.2 or 0.55%. Despite this slight uptick today, the stock has shown a significant decline over the past month, with a return of -14.25%, and a staggering -61.37% over the past year. The stock has outperformed its sector by 2.81% today, although it remains below its 20-day, 50-day, 100-day, and 200-day moving averages. Key negative factors impacting the stock include weak long-term fundamentals, as evidenced by a Return on Capital Employed (ROCE) of 0% and a high Debt to EBITDA ratio of 74.36 times. Additionally, the company has reported negative results for the last three consecutive quarters, with a PAT of Rs -41.83 crore, indicating a troubling financial situation. Broader market context shows that while Tulsyan NEC's stock has outperformed the sector today, it has underperformed the benchmark Sensex over the past week, with the Sensex declining by 1.06% compared to the stock's slight drop of 0.14%. The broader steel sector has also faced challenges, falling by 2.27%. The stock's long-term performance is concerning, with a -47.87% return year-to-date, contrasting sharply with the Sensex's positive return of 3.15%. The high percentage of pledged promoter shares (99.63%) adds to the risk, particularly in a declining market, which could further pressure the stock price.