Why is Nahar Indl. Ent. falling/rising?

As of 29-Aug, Nahar Industrial Enterprises Ltd is experiencing a price increase, currently at 111.20, reflecting a change of 2.3 or 2.11% upward. Today's price summary indicates that the stock outperformed its sector by 2.81%, despite opening with a loss of 2.94%. The stock reached an intraday high of Rs 111.45 but also saw a low of Rs 104.1, indicating erratic trading behavior. Over the past week, the stock has declined by 2.03%, and it has underperformed the benchmark Sensex over the past month and year, with returns of -11.04% and -29.19%, respectively. While the stock is trading at a discount compared to its peers, it has shown weak long-term fundamentals, including a low Return on Capital Employed (ROCE) of 1.5 and a high Debt to EBITDA ratio of 5.76 times, which may contribute to investor caution.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 1.84% over the past week and a modest gain of 2.14% year-to-date. This indicates that while Nahar Industrial Enterprises Ltd is experiencing a short-term price increase, its long-term performance remains concerning, as evidenced by consistent underperformance against the benchmark over the last three years. The company's ability to generate profits has improved, with a 27.5% rise in profits despite a -29.19% return over the past year, but the overall weak growth and high debt levels may overshadow these positive aspects, leading to a cautious outlook among investors.