Why is Nahar Spinning falling/rising?

As of 22-Sep, Nahar Spinning Mills Ltd's stock price is currently at 218.25, reflecting an increase of 1.85 (0.85%). The stock has been gaining for the last two days, with a total return of 0.88% during this period. It has outperformed its sector by 1.56% today. However, despite these short-term gains, the stock has shown significant underperformance over the longer term, with a year-to-date decline of 18.65% and a one-year drop of 26.53%. Positive factors contributing to the recent price movement include strong quarterly results, with profit before tax and profit after tax growing significantly, and an attractive valuation compared to peers. Conversely, the company faces challenges such as a high Debt to EBITDA ratio, indicating low ability to service debt, and consistent underperformance against benchmarks over the past three years.
In the broader market context, Nahar Spinning Mills Ltd's short-term performance of +1.30% over the past week and +1.51% over the past month has outpaced the Sensex, which has returned +0.46% and +1.05% respectively during the same periods. Despite these positive short-term trends, the stock's long-term performance remains concerning, with a three-year decline of 33.25% compared to the Sensex's gain of 38.97%. This disparity highlights the stock's struggle to maintain investor confidence, particularly in light of its recent financial performance and high debt levels.