Why is Nikhil Adhesives falling/rising?

As of 05-Sep, Nikhil Adhesives Ltd is currently priced at 104.90, reflecting a decrease of 1.8, or 1.69%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.78%. Despite opening with a gain of 3% today and reaching an intraday high of Rs 109.9, it ultimately touched a low of Rs 104.3. The stock has shown mixed performance over various periods, with a 1-week return of +3.91% but a significant decline of -8.98% over the past month and -11.77% year-to-date. Notably, the stock has outperformed the Sensex in the short term but has underperformed its sector by 1.05% today. There is a rising investor participation indicated by a 143.4% increase in delivery volume, suggesting some interest despite the price drop.
Broader Market Context: In comparison to the benchmark, the stock's recent performance shows a stark contrast, as it has gained 3.91% over the past week while the Sensex has only increased by 1.13%. However, over the longer term, Nikhil Adhesives has significantly underperformed, with a year-to-date decline of -11.77% compared to the Sensex's gain of 3.29%. This broader context highlights the challenges faced by Nikhil Adhesives, particularly in the face of a declining trend over the past month and year, despite some positive short-term movements. The liquidity of the stock remains adequate for trading, which may provide some stability amid the recent price fluctuations.