Why is Nikhil Adhesives falling/rising?

As of 28-Jul, Nikhil Adhesives Ltd is currently priced at 114.90, reflecting a slight decrease of 0.1, or 0.09%. The stock has shown mixed performance recently, with a 1-week return of +1.23% and a 1-month return of +0.35%, indicating some short-term resilience despite a year-to-date decline of -3.36%. However, the stock has underperformed over the past year, with a significant drop of -16.59%. Today's price summary indicates that the stock outperformed its sector by 0.6%, but there has been a notable decline in investor participation, with delivery volume falling by 34.02% compared to the 5-day average. The company has a low Debt to EBITDA ratio of 0.93, suggesting a strong ability to service debt, and while it trades at a discount compared to peers, its long-term growth prospects appear weak, as evidenced by modest net sales growth of 6.75% over the past five years.
Broader market context shows that while Nikhil Adhesives has outperformed the Sensex in the short term, the broader market has also faced challenges, with the Sensex declining by 1.59% over the past week. The stock's performance over the last year has been significantly worse than the market, which saw a smaller decline of -0.54%. This underperformance may be contributing to the lack of interest from domestic mutual funds, which hold no stake in the company, possibly indicating a lack of confidence in its valuation or business prospects. Overall, the combination of short-term gains against a backdrop of long-term concerns and broader market trends suggests a complex situation for Nikhil Adhesives Ltd.