Why is NIBE falling/rising?

As of 19-Aug, NIBE Ltd's stock price is currently at 1,237.25, reflecting an increase of 42.7 or 3.57%. Despite this positive movement today, the stock has underperformed significantly over the past month, with a decline of 25.82%. Today's performance shows that NIBE outperformed its sector by 4.17%, reaching an intraday high of Rs 1251.9, but it is trading below all key moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 29.88% compared to the five-day average. The company has a low Debt to EBITDA ratio, indicating a strong ability to service debt, and has shown impressive long-term growth in net sales and operating profit. However, recent negative financial results, including a significant drop in profit before tax and net sales, along with a high valuation compared to peers, contribute to a bearish outlook.
Broader market context shows that while the stock has risen today, it has underperformed the broader market over the past year, with a return of -34.31% compared to the BSE500's decline of only -0.91%. Institutional investors have also reduced their stake in the company, indicating a lack of confidence in its future performance. This combination of falling participation from institutional investors, disappointing recent financial results, and a significant underperformance relative to the market suggests that while there may be short-term gains, the overall sentiment around NIBE Ltd remains cautious.