Why is Nikhil Adhesives falling/rising?

As of 01-Aug, Nikhil Adhesives Ltd is currently priced at 115.00, reflecting an increase of 0.95 or 0.83%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Today, it outperformed its sector by 2.79%, despite the chemicals sector experiencing a decline of 2.02%. Over the past week, the stock's performance has remained flat at 0.00%, while it has underperformed the market over the past month and year, with returns of -1.79% and -15.16%, respectively. Positive factors include a strong ability to service debt, indicated by a low Debt to EBITDA ratio of 0.93 times, and a fair valuation compared to peers, with a PEG ratio of 1.2. However, the company has shown poor long-term growth, with net sales growing at an annual rate of only 6.75% over the last five years, which may contribute to investor hesitation.
Broader Market Context: In the context of the broader market, Nikhil Adhesives has underperformed significantly over the past year, with a return of -15.16% compared to the BSE500's decline of -4.13%. This stark difference suggests that while the overall market has faced challenges, Nikhil Adhesives has struggled even more, potentially leading to reduced investor confidence. The rising investor participation, as indicated by a 4.12% increase in delivery volume, may reflect some renewed interest, but the lack of domestic mutual fund investment could signal caution among institutional investors regarding the stock's future prospects.