Why is Nikhil Adhesives falling/rising?

As of 04-Sep, Nikhil Adhesives Ltd is experiencing a decline in its stock price, currently at Rs 106.70, which reflects a decrease of Rs 1.2 or 1.11%. The stock has fallen after two consecutive days of gains, touching an intraday low of Rs 105. Despite this drop, the stock has shown a positive performance over the past week with an increase of 8.16%, although it has underperformed over the past month and year with declines of 6.93% and 19.01%, respectively. The company demonstrates 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. Additionally, the stock is trading at a discount compared to its peers, which may suggest a fair valuation despite its recent price movement.
In the broader market context, Nikhil Adhesives' recent performance contrasts with the Sensex, which has only increased by 0.80% over the past week. While the stock has seen a rise in investor participation, with delivery volume increasing by 143.4% against the five-day average, the overall trend remains negative due to its significant declines over longer periods. The company's profits have increased by 4% over the past year, but the stock's year-to-date return of -10.26% highlights a challenging environment. Overall, while there are positive indicators regarding management efficiency and valuation, the stock's recent downward movement reflects broader market pressures and its historical performance relative to the benchmark.