Why is NCL Industries falling/rising?

As of 22-Jul, NCL Industries Ltd is currently priced at 234.05, reflecting a slight increase of 0.05 (0.02%). The stock has shown a positive trend recently, gaining 1.32% over the last two days, and it has outperformed the benchmark Sensex over the past week and month, with returns of +7.81% and +7.51%, respectively. However, despite this upward movement, the stock is underperforming its sector by -0.27% today, and there has been a notable decline in investor participation, with delivery volume falling by -19.96% against the 5-day average. Additionally, while the company has a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 1.38 times, its profits have significantly decreased by -69% over the past year, which may be contributing to a cautious outlook among investors.
In the broader market context, NCL Industries has outperformed the Sensex in the short term, with a 7.81% return over the past week compared to the benchmark's -0.47%. This indicates that while the stock is experiencing some positive momentum, it is doing so in a challenging market environment where the overall index is declining. The stock's attractive valuation relative to its peers, trading at a discount, may provide some support for its price, but the substantial drop in profits could weigh on investor sentiment moving forward.