Why is Nikhil Adhesives falling/rising?

As of 01-Sep, Nikhil Adhesives Ltd is currently priced at Rs 99.45, reflecting a decline of Rs 1.5 or 1.49%. The stock has underperformed its sector today by 1.84%, touching an intraday low of Rs 98.25, which represents a decrease of 2.67%. Over the past week, the stock has shown a slight increase of 0.30%, but it has significantly underperformed over the past month and year, with returns of -13.41% and -22.12%, respectively. Despite a high return on capital employed (ROCE) of 25.55% and a low debt to EBITDA ratio of 0.93, the stock's long-term growth prospects appear poor, as evidenced by a modest annual net sales growth of 9.60% over the last five years and disappointing quarterly results.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has seen a decline of 1.56% over the past week and a positive return of 2.85% year-to-date. This consistent underperformance against the benchmark over the last three years, coupled with negative quarterly results, has likely contributed to the stock's downward movement. While there has been a notable increase in investor participation, with delivery volume rising by 154.13%, the overall sentiment remains cautious due to the company's inability to generate positive returns relative to its peers and the broader market trends.