Why is Nikhil Adhesives falling/rising?

As of 30-Jun, Nikhil Adhesives Ltd is experiencing a price increase, currently at Rs 122.00, reflecting a rise of Rs 7.5 or 6.55%. The stock has shown strong performance recently, outperforming its sector by 6.03% today and achieving consecutive gains for the last four days, resulting in a total return of 26.95% during this period. Additionally, the stock has been trading above its moving averages across various time frames, indicating positive momentum. However, despite this short-term success, the company faces challenges such as poor long-term growth metrics, with net sales growing at an annual rate of only 6.75% and a relatively high valuation compared to its peers, which may deter long-term investors.
In the broader market context, Nikhil Adhesives has significantly outperformed the Sensex in the short term, with a 1-week return of 26.50% compared to the Sensex's 2.09%. This stark contrast highlights the stock's strong appeal among investors despite its long-term growth concerns and low domestic mutual fund participation, which suggests a lack of confidence from institutional investors. The high volatility observed today, with an intraday volatility of 5.89%, further emphasizes the stock's dynamic trading environment, which could attract speculative interest while also posing risks for more conservative investors.