Why is Nahar Spinning falling/rising?

As of 24-Sep, Nahar Spinning Mills Ltd's stock price is currently at 217.70, reflecting an increase of 1.6, or 0.74%. The stock has outperformed its sector today by 1.17%, although it has shown a decline of 0.68% over the past week. While the stock has higher prices than its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. Despite a significant drop of 25.94% over the past year, the company reported positive results in June, with a 113.33% growth in profit before tax and a 207.7% increase in profits over the last year, contributing to a more attractive valuation compared to its peers. However, the company faces challenges with a high Debt to EBITDA ratio of 6.13 times and low profitability, which may hinder its long-term growth prospects.
In the broader market context, the stock's performance over the past week has been better than the benchmark, which declined by 1.18%. Over the last month, Nahar Spinning has gained 1.26%, while the Sensex has only increased by 0.50%. Despite this short-term outperformance, the stock has consistently underperformed against the benchmark over the last three years, indicating a trend of declining investor confidence. The falling investor participation, with a 43.6% drop in delivery volume, suggests that market sentiment may still be cautious despite today's price increase.