Why is NCL Industries falling/rising?

As of 23-Jun, NCL Industries Ltd's stock price is rising, currently at 225.25, reflecting an increase of 7.55 (3.47%). The stock has been gaining momentum over the last three days, with an overall return of 8.74% during this period. Despite opening with a loss of 2.82% today, it reached an intraday high of Rs 228.9, indicating strong intraday volatility. The stock has outperformed its sector by 3.52% today and is trading above all key moving averages, suggesting positive momentum. However, it is important to note that the stock has experienced a decline of 5.93% over the past year, with profits falling by 69%. The company's low Debt to EBITDA ratio of 1.38 times and attractive valuation compared to peers may support its recent price increase.
In the broader market context, NCL Industries' short-term return of 4.38% over the past week significantly outperformed the Sensex, which only increased by 0.12%. While the stock has shown positive short-term performance, its year-to-date return of 3.07% lags behind the Sensex's 4.81%. This indicates that, despite recent gains, the stock's long-term performance remains a concern, particularly given its negative return over the past year. The rising investor participation, evidenced by a significant increase in delivery volume, may also contribute to the stock's upward movement, reflecting growing interest among investors.