Why is Nahar Spinning falling/rising?

As of 11-Sep, Nahar Spinning Mills Ltd is experiencing a slight increase in its stock price, currently at 216.15, reflecting a change of 0.15 or 0.07% upward. The stock has shown a positive trend over the last two days, gaining 2.17%, although it has underperformed its sector by 0.42% today. In terms of returns, the stock has declined by 29.19% over the past year and 36.23% over the last three years, indicating significant underperformance against the benchmark. Despite this, the company reported positive results in its latest quarter, with a notable growth in profit before tax and an attractive valuation compared to peers, which may contribute to the recent uptick in stock price.
Broader market context reveals that while Nahar Spinning has seen a 7.19% increase over the past month, it still lags behind the Sensex, which has risen by 1.17% in the same period. The stock's performance today contrasts with the broader market, as it has not kept pace with the benchmark's gains. The company's high Debt to EBITDA ratio and consistent underperformance over the last three years raise concerns about its long-term growth potential, which could temper investor enthusiasm despite recent positive financial indicators.