Why is Nahar Capital falling/rising?

As of 12-Aug, Nahar Capital & Financial Services Ltd is experiencing a price increase, currently at Rs 299.80, reflecting a rise of Rs 6.75 or 2.3%. Today's trading performance shows that the stock outperformed its sector by 3.21%, reaching an intraday high of Rs 303.25, although it also saw a low of Rs 278.5. Despite this positive movement today, the stock has shown a decline of 7.63% over the past month and a year-to-date decrease of 4.51%. The company has reported positive results for the last five consecutive quarters, with significant growth in profit after tax and net sales. However, it also faces challenges such as weak long-term fundamental strength, reflected in its average return on equity of 6.26% and a low PEG ratio of 0.1, indicating an expensive valuation relative to its earnings growth.
In the broader market context, Nahar Capital's recent performance contrasts with the benchmark, as it has underperformed against the BSE500 over the last three years, generating a return of -3.57% in the past year compared to the benchmark's positive return of 0.74%. While the stock has shown some resilience today, the overall trend indicates a struggle against broader market conditions, with a significant decline in investor participation and liquidity concerns. The stock's erratic trading pattern, with a notable drop in delivery volume, suggests that while there may be short-term gains, the long-term outlook remains uncertain amidst consistent underperformance against market benchmarks.