Why is Nikhil Adhesives falling/rising?

As of 01-Jul, Nikhil Adhesives Ltd is currently priced at 117.10, reflecting a decrease of 4.9 points or 4.02%. Today's price summary indicates that the stock opened with a gain of 2.42% but subsequently fell to a day's low of Rs 117, marking a significant decline after four consecutive days of gains. Over the past week, the stock has performed well, showing a return of +21.85%, but it has underperformed the sector by -2.74% today. Despite a strong ability to service debt and a fair valuation compared to peers, the stock's recent movement is negatively impacted by poor long-term growth metrics, including a modest annual growth rate in net sales and operating profit over the last five years. Additionally, the lack of domestic mutual fund investment may signal a lack of confidence in the stock's price or business prospects.
Broader market context shows that while Nikhil Adhesives has had a strong performance over the past three years with a return of +52.57%, it has underperformed the benchmark index over the last year, which has seen a return of +5.31%. The stock's year-to-date performance is also concerning, with a decline of -1.51% compared to the Sensex's gain of +7.11%. This broader underperformance in the market, coupled with today's price drop, suggests that investor sentiment may be shifting negatively, particularly in light of the stock's recent struggles to maintain upward momentum despite previous gains.