Why is NCL Industries falling/rising?

As of 30-Jun, NCL Industries Ltd's stock price is currently at Rs 234.85, reflecting an increase of Rs 4.15, or 1.8%. The stock has shown strong performance recently, outperforming its sector by 2.27% today and achieving a consecutive gain over the last four days with a total return of 4.33% during this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, it is important to note that the stock has experienced a decline of 2.85% over the past year, with profits falling by 69%, despite its attractive valuation and strong ability to service debt, as indicated by a low Debt to EBITDA ratio of 1.38 times.
In the broader market context, NCL Industries has outperformed the Sensex in the short term, with a 1-week return of 4.26% compared to the Sensex's 2.09%. This trend suggests that the stock is gaining traction relative to the overall market. However, the falling investor participation, as evidenced by a decrease in delivery volume, could pose a concern for sustained momentum. Despite the recent gains, the stock's long-term performance over the past three years shows a significant lag compared to the benchmark, which may affect investor sentiment moving forward.