Why is Nikhil Adhesives falling/rising?

As of 23-Jul, Nikhil Adhesives Ltd's stock price is currently at 115.00, reflecting an increase of 1.75 or 1.55%. Today's price summary indicates that the stock outperformed its sector by 1.86%, reaching an intraday high of Rs 116, which is a 2.43% increase. However, the stock has shown mixed performance in the past week, with a decline of 2.58%, while it has increased by 19.25% over the past month. Despite a negative return of -11.54% over the past year, the company's profits have risen by 27.3%, and it maintains a low Debt to EBITDA ratio of 0.93 times, suggesting a strong ability to service debt. Nonetheless, the stock's long-term growth prospects appear poor, 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, indicating a lack of confidence in its valuation.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the BSE500, which generated returns of 1.79% over the past year, while Nikhil Adhesives has seen a decline of -11.54%. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume by 81.08% against the five-day average suggests declining investor participation. While the stock is trading at a discount compared to its peers and has a fair valuation, the lack of interest from domestic mutual funds may reflect concerns about its long-term growth potential, contributing to the stock's overall volatility and recent price movements.