Why is Nikhil Adhesives falling/rising?

As of 25-Aug, Nikhil Adhesives Ltd is currently priced at 99.15, reflecting an increase of 0.6, or 0.61%. The stock has outperformed its sector today by 0.98%, although it is trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Despite this positive movement, the stock has experienced a significant decline over the past month, with a return of -13.78%, and a year-to-date return of -16.61%. The company has shown 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 debt. However, the stock's long-term growth prospects appear poor, with net sales growing at only 9.60% annually over the last five years and negative results reported in June, including a drop in profit before tax and net sales.
In the broader market context, Nikhil Adhesives has underperformed against the benchmark, with a one-year return of -22.48% compared to the Sensex's gain of 0.68%. Over the last three years, the stock has consistently lagged behind the BSE500, which has seen a return of 38.90%. This underperformance, combined with falling investor participation—evidenced by a 41.83% drop in delivery volume—suggests a lack of confidence among investors. While the stock is trading at a discount compared to its peers, the overall negative sentiment and poor long-term growth outlook contribute to its recent price movements.