Why is Nahar Spinning falling/rising?

As of 29-Aug, Nahar Spinning Mills Ltd is experiencing a price increase, currently at Rs 211.80, reflecting a rise of 2.75 (1.32%). Today's price summary indicates that the stock has outperformed its sector by 2.02% and has gained after two consecutive days of decline, reaching an intraday high of Rs 220, which is a 5.24% increase. However, despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a significant drop in investor participation, with delivery volume falling by 72.86% compared to the 5-day average. Over the past year, while the stock has seen a decline of 36.86%, its profits have surged by 207.7%, indicating a strong underlying performance despite the price drop. The stock is also trading at a discount compared to its peers, supported by attractive valuation metrics.
In the broader market context, Nahar Spinning's short-term performance shows a decline of 1.49% over the past week, which is better than the benchmark Sensex's decline of 1.84%. This suggests that while the stock has faced challenges, it is holding up relatively well compared to the overall market. The year-to-date performance shows a significant drop of 21.06% for the stock, contrasting with the Sensex's gain of 2.14%, highlighting the stock's struggles in a broader market that has been performing positively. The combination of strong profit growth and attractive valuation metrics may provide a foundation for recovery, but the recent price movements and declining investor interest indicate ongoing challenges for Nahar Spinning Mills Ltd.