Why is Nikhil Adhesives falling/rising?

As of 04-Jul, Nikhil Adhesives Ltd's stock price is currently at Rs 118.60, reflecting a decrease of Rs 1.4 or 1.17%. Today, the stock underperformed its sector by 1.01%, despite reaching an intraday high of Rs 124.7, which represents a 3.92% increase at one point. Over the past week, the stock has shown a positive return of 3.58%, and over the last month, it has increased by 23.55%. However, its year-to-date performance is slightly negative at -0.25%. The company has a strong ability to service its debt with a low Debt to EBITDA ratio of 0.93 times and has seen a profit increase of 27.3% over the past year, despite a -7.13% return in that same period. The stock is trading at a discount compared to its peers, but concerns about poor long-term growth and minimal domestic mutual fund investment may be contributing to its current price decline.
In the broader market context, Nikhil Adhesives has outperformed the Sensex over the past week and month, while the benchmark index has shown a decline of 0.74% in the last week and a gain of 3.01% in the last month. However, year-to-date, the Sensex has outperformed Nikhil Adhesives with a return of 6.77%. The stock's recent performance, combined with its strong fundamentals and rising investor participation, suggests that while it may be facing short-term challenges, there are underlying strengths that could support future growth.