Why is Nikhil Adhesives falling/rising?

As of 11-Jul, Nikhil Adhesives Ltd is experiencing a price increase, with its current price at Rs 118.20, reflecting a rise of 3.2 or 2.78%. Today's price summary indicates that the stock outperformed its sector by 4.13%, reaching an intraday high of Rs 119.8, although it also touched a low of Rs 111.3 earlier in the day. Over the past month, the stock has shown a significant gain of 29.61%, despite a year-to-date decline of 0.59%. The company has a low Debt to EBITDA ratio of 0.93 times, indicating a strong ability to service its debt, and its profits have increased by 27.3% over the past year, contributing to a fair valuation compared to peers. However, the stock has underperformed in the long term, with a negative return of -12.51% over the past year, which may be a concern for investors.
In the broader market context, Nikhil Adhesives has outperformed the Sensex in the short term, with a 1-week return of -0.34% compared to the benchmark's -1.12%. Despite this recent uptick, the stock's long-term performance remains a concern, as it has underperformed the market over the last year while the BSE500 index generated a return of 0.52%. The lack of domestic mutual fund investment, holding only 0% of the company, may indicate a lack of confidence in the stock's future growth potential, further complicating its market position.