Why is Nikhil Adhesives falling/rising?

As of 14-Jul, Nikhil Adhesives Ltd's stock price is currently at 118.65, reflecting an increase of 0.45, or 0.38%. The stock has shown positive momentum, gaining 3.17% over the last two days and outperforming its sector by 0.99% today. It is trading above its moving averages across various time frames, indicating a strong upward trend. Despite a year-to-date decline of 0.21% and a one-year drop of 11.85%, the company's profits have increased by 27.3%, suggesting a potential for recovery. The low Debt to EBITDA ratio of 0.93 times and a fair valuation with a PEG ratio of 1.2 further support the stock's recent positive movement.
In the broader market context, Nikhil Adhesives has outperformed the Sensex over the past week, with a return of 1.19% compared to the benchmark's decline of 1.42%. However, the stock has underperformed over the past year, with a significant negative return of 11.85% against the Sensex's 2.15% gain. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the stock's long-term growth potential, despite its recent gains. Overall, while the stock is experiencing short-term upward movement, its long-term growth prospects remain a concern, which could influence investor sentiment moving forward.