Why is Nikhil Adhesives falling/rising?

As of 21-Aug, Nikhil Adhesives Ltd is currently priced at 99.50, reflecting a slight increase of 0.5 (0.51%). The stock has been gaining for the last two days, with a total return of 1.43% during this period. However, despite this recent uptick, the stock has underperformed over the past month, showing a decline of 12.33%, and a significant drop of 21.84% over the past year. The stock's performance today has outpaced its sector by 0.49%, but there is a concerning trend of falling investor participation, with delivery volume decreasing by 84.35% compared to the five-day average. The company maintains a high management efficiency with a return on capital employed (ROCE) of 25.55% and a low debt to EBITDA ratio of 0.93, indicating a strong ability to service its debt. Despite the stock trading at a discount compared to its peers, the negative return over the past year suggests investor caution.
In the broader market context, the Sensex has increased by 1.74% over the past week, while Nikhil Adhesives has only gained 0.45% in the same timeframe, indicating underperformance relative to the benchmark. Year-to-date, the stock has declined by 16.32%, contrasting sharply with the Sensex's gain of 4.94%. This disparity highlights the challenges faced by Nikhil Adhesives in attracting investor confidence, despite its strong fundamentals and efficient management. The overall market sentiment appears to favor broader indices, which may be contributing to the stock's recent struggles to maintain upward momentum.