Why is Nikhil Adhesives falling/rising?

As of 08-Jul, Nikhil Adhesives Ltd is experiencing a price increase, currently at Rs 119.00, reflecting a rise of 1.75 (1.49%). The stock has shown a positive trend today, outperforming its sector by 2.07% and reversing a two-day decline. It reached an intraday high of Rs 122, marking a 4.05% increase. Over the past week, the stock has gained 1.62%, and over the past month, it has surged by 26.10%. However, despite this recent uptick, the stock has underperformed over the last year with a return of -8.07%, even as its profits increased by 27.3%. The company maintains a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 0.93 times, and is trading at a discount compared to its peers, which may attract some investors.
In the broader market context, the Sensex has only seen a marginal increase of 0.02% over the past week, suggesting that Nikhil Adhesives' performance is notably stronger in comparison. However, the stock's long-term growth prospects appear weak, with net sales growing at an annual rate of only 6.75% over the last five years, and domestic mutual funds holding no stake in the company, which could indicate a lack of confidence in its future performance. Despite the recent positive movement, the stock's overall underperformance in the last year against the benchmark market returns of 1.98% raises concerns about its sustainability.