Why is Nikhil Adhesives falling/rising?

As of 06-Aug, Nikhil Adhesives Ltd's stock price is currently at Rs 112.75, reflecting a decrease of Rs 2.5, or 2.17%. The stock has underperformed its sector by 2.26% today, reaching an intraday low of Rs 112.55. Although the stock is trading above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages. The stock has shown a decline of 1.96% over the past week and 4.93% over the past month, while it has significantly underperformed the benchmark Sensex, which has only declined by 1.15% and 3.46% in the same periods. Notably, there has been a rise in investor participation, with delivery volume increasing by 53.8% against the 5-day average, indicating some interest despite the price drop. There is no information available regarding positive or negative factors impacting the stock.
Broader Market Context: In the broader market context, Nikhil Adhesives has struggled compared to the Sensex, particularly in the year-to-date performance where it has declined by 5.17%, while the Sensex has gained 3.08%. Over the past year, the stock has decreased by 12.02%, contrasting sharply with the Sensex's increase of 2.48%. This trend suggests that while the overall market may be experiencing growth, Nikhil Adhesives is facing challenges that are leading to its price decline, particularly in the short term.