Why is Nikhil Adhesives falling/rising?

As of 31-Jul, Nikhil Adhesives Ltd is experiencing a decline in its stock price, currently at 114.05, reflecting a decrease of 0.95 or 0.83%. The stock has been losing value for the last two days, with a total drop of 1.47% during this period. In terms of performance, the stock has underperformed in the past month with a return of -2.60%, while the benchmark Sensex fell by 3.00%. Despite having a strong ability to service debt and a fair valuation relative to peers, the stock has generated a significant negative return of -17.05% over the past year, indicating poor long-term growth prospects. Additionally, the delivery volume has decreased by 41.99% compared to the 5-day average, suggesting falling investor participation.
Broader Market Context: In the short term, Nikhil Adhesives has shown a slight positive return of 0.13% over the past week, while the Sensex has declined by 1.22%. This indicates that the stock has performed relatively better than the broader market in the short term, despite its overall negative trajectory. However, the stock's long-term performance has been concerning, with a significant underperformance compared to the market over the last year, where the stock's decline of -17.05% starkly contrasts with the Sensex's minor drop of -0.68%. The lack of domestic mutual fund investment further highlights the market's cautious stance towards the company, potentially contributing to the stock's downward pressure.