Why is Nahar Capital falling/rising?

As of 02-Sep, Nahar Capital & Financial Services Ltd is experiencing a slight increase in its stock price, currently at 299.00, reflecting a change of 0.25 (0.08%) upward. The stock has shown a positive performance over the last two days, gaining 1.87% during this period. However, it has underperformed over the longer term, with a year-to-date decline of 4.76% and a significant drop of 14.95% over the past year. Despite the recent gains, the stock's delivery volume has decreased by 44.73% compared to the 5-day average, indicating falling investor participation. The company has reported positive results for the last five consecutive quarters, with a notable increase in net sales and profit after tax, but it also faces challenges with weak long-term fundamental strength and consistent underperformance against benchmarks.
In the broader market context, Nahar Capital's recent short-term performance contrasts with the Sensex, which has declined by 0.78% over the past week. While the stock has gained slightly in the short term, its longer-term performance remains concerning, particularly given its substantial underperformance against the broader market over the last three years. The stock's valuation appears expensive relative to its peers, and despite recent positive earnings, the overall trend suggests a lack of confidence among investors, which may contribute to its ongoing volatility in the market.