Why is Nahar Indl. Ent. falling/rising?

As of 29-Jul, Nahar Industrial Enterprises Ltd is currently priced at 125.00, reflecting a slight increase of 0.4 (0.32%). The stock has been gaining for the last two days, with a total return of 0.77% during this period. However, it has underperformed its sector by 0.32% today and has shown a negative performance over the past week and month, with declines of 2.34% and 6.40%, respectively. Despite a significant drop of 21.63% over the past year, the company has seen a 72% increase in profits, which is noteworthy given its low PEG ratio of 0.4 and attractive valuation metrics. Nevertheless, the stock's long-term fundamentals are weak, evidenced by a negative CAGR growth in net sales and a high debt-to-EBITDA ratio, which raises concerns about its ability to service debt.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has consistently underperformed against the BSE500 over the last three years. While the Sensex has gained 4.09% year-to-date, Nahar Industrial Enterprises Ltd has declined by 8.39% in the same period. The stock's liquidity remains adequate, but a significant drop in delivery volume indicates falling investor participation, which could further pressure the stock. Overall, the combination of weak long-term fundamentals and underperformance against the benchmark suggests that investor sentiment may be cautious, contributing to the stock's recent price movements.