Why is Nikhil Adhesives falling/rising?

As of 21-Jul, Nikhil Adhesives Ltd is currently priced at 113.50, reflecting an increase of 0.8, or 0.71%. The stock has shown a trend reversal by gaining after three consecutive days of decline. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -4.34% compared to a negligible change in the Sensex of -0.06%. Over the past month, however, the stock has performed well, with an increase of 18.85%, while the Sensex has decreased by 0.25%. The company's strong ability to service debt, indicated by a low Debt to EBITDA ratio of 0.93 times, and a fair valuation with a PEG ratio of 1.1, suggest some underlying strength. Nevertheless, the stock's long-term growth prospects are hindered by a modest annual growth rate in net sales and operating profit over the last five years, which may contribute to investor caution.
In the broader market context, while the stock has outperformed its sector today, it has significantly lagged behind the market over the past year, generating a return of -14.37% compared to the BSE500's positive return of 1.63%. The lack of domestic mutual fund investment, holding only 0% of the company, raises concerns about the stock's attractiveness to institutional investors, potentially signaling discomfort with its current valuation or business outlook. Additionally, the falling investor participation, with a notable decline in delivery volume, may indicate waning interest among retail investors, further contributing to the stock's volatility and recent price movements.