Why is Nahar Indl. Ent. falling/rising?

As of 02-Sep, Nahar Industrial Enterprises Ltd is experiencing a price increase, currently at Rs 111.55, reflecting a rise of 3.55 or 3.29%. Today's performance indicates that the stock has outperformed its sector by 2.3%, reaching an intraday high of Rs 112.5. However, despite this positive movement, the stock has shown a decline of 5.06% over the past month and a significant drop of 28.17% over the last year. The company has a very attractive valuation with a low PEG ratio of 0.8, and while profits have increased by 27.5%, the stock's long-term fundamentals are weak, evidenced by a low average ROCE of 5.72% and a high Debt to EBITDA ratio of 5.76 times.
In the broader market context, the stock's short-term return of +1.23% over the past week contrasts with the Sensex, which has declined by 0.78%. This suggests that Nahar Industrial Enterprises Ltd is currently gaining traction relative to the broader market. However, the company has consistently underperformed against benchmarks over the last three years, which raises concerns about its long-term growth potential. The recent increase in stock price may be a temporary reaction to its attractive valuation metrics, but the underlying issues, such as weak sales growth and high debt levels, could hinder sustained performance moving forward.