Why is Nahar Indl. Ent. falling/rising?

As of 28-Jul, Nahar Industrial Enterprises Ltd is experiencing a slight increase in its stock price, currently at 124.60, reflecting a change of 0.55 or 0.44% upward. Despite this positive movement today, the stock has shown a significant decline over the past week and month, with returns of -3.07% and -6.70%, respectively. The stock's performance has been erratic, not trading on one day out of the last 20, but it has seen a notable rise in investor participation, with delivery volume increasing by 916.28% against the 5-day average. While the stock is trading at a discount compared to its peers and has a favorable PEG ratio of 0.4, it also faces challenges such as a weak long-term fundamental strength, indicated by a -0.55% CAGR growth in net sales over the last five years and a high Debt to EBITDA ratio of 5.76 times.
In the broader market context, Nahar Industrial Enterprises Ltd has underperformed against the benchmark, with a year-to-date return of -8.68% compared to the Sensex's +3.52%. This consistent underperformance over the last three years, coupled with a -19.56% return in the past year, suggests that investor sentiment may be cautious. The low stake held by domestic mutual funds, at only 0.06%, could indicate a lack of confidence in the company's prospects, further contributing to the stock's struggles in the market. Overall, while there are some positive indicators, the stock's long-term challenges and recent performance relative to the benchmark suggest a complex situation for investors.