Why is Nikhil Adhesives falling/rising?

As of 15-Jul, Nikhil Adhesives Ltd's stock price is currently at 121.00, reflecting an increase of 2.35 (1.98%). The stock has been gaining momentum recently, with a consecutive gain over the last three days resulting in a total return of 5.22%. Despite opening lower today with a loss of 2.23%, it reached an intraday high of Rs 122.8, indicating some volatility. Over the past week, the stock has outperformed the sector by 0.89%, and it has shown a significant increase of 32.07% over the past month. However, the stock has a negative long-term growth outlook, with net sales growing at only 6.75% annually over the last five years, and it has underperformed the market with a return of -12.32% over the past year.
In the broader market context, Nikhil Adhesives' short-term performance contrasts with the benchmark, as it has gained 1.68% over the past week while the Sensex has declined by 1.36%. Despite this positive short-term trend, the stock's long-term performance remains concerning, especially given that domestic mutual funds hold no stake in the company, which may indicate a lack of confidence in its valuation. The company's ability to service debt is strong, but its expensive valuation and flat results in recent quarters suggest caution among investors. Overall, while the stock is experiencing a short-term rise, the underlying fundamentals and market sentiment present challenges that could impact its future performance.