Why is Tulsyan NEC falling/rising?

As of 13-Nov, Tulsyan NEC Ltd's stock price is currently at Rs 38.38, reflecting a decline of Rs 2.02 or 5.0%. The stock opened lower today, down 2.85%, and reached an intraday low of Rs 38.38, indicating significant selling pressure. Over the past week, the stock has underperformed, with a return of -13.17%, while the Sensex has gained 1.40%. The stock has consistently traded below its moving averages, and despite a rise in delivery volume, the overall sentiment remains negative due to weak long-term fundamentals, including a high debt-to-EBITDA ratio and negative operating profits. Furthermore, 99.63% of promoter shares are pledged, which adds to the downward pressure in a falling market.
Broader market context shows that while the Sensex has delivered positive returns of 8.11% year-to-date, Tulsyan NEC has significantly lagged behind with a staggering decline of 45.48% in the same period. This stark contrast highlights the stock's underperformance relative to the broader market, which has generated positive returns over the last year. The company's poor financial health, characterized by a negative growth rate in net sales and a high debt burden, further exacerbates its struggles, making it a risky investment in the current market environment.