Why is Nikhil Adhesives falling/rising?

As of 11-Sep, Nikhil Adhesives Ltd is currently priced at 104.50, reflecting a decrease of 0.65, or 0.62%. The stock has underperformed its sector today by 0.48%, and its delivery volume has fallen significantly by 29.08% compared to the 5-day average, indicating reduced investor participation. Over the past week, the stock has declined by 2.06%, while it has shown a modest increase of 2.30% over the past month. However, the stock's year-to-date performance is concerning, with a decline of 12.11%, and it has underperformed the benchmark consistently over the last three years, generating a return of -20.23%. Despite some positive factors such as high management efficiency and a low Debt to EBITDA ratio, the company has faced challenges, including poor long-term growth and disappointing financial results in recent quarters.
In the broader market context, the Sensex has increased by 1.03% over the past week, contrasting with Nikhil Adhesives' decline, which highlights its underperformance relative to the market. While the stock has shown some resilience with a 513.26% increase over the last five years, its recent trajectory suggests a struggle to maintain investor confidence amid negative financial results and a lack of growth. The stock's attractive valuation compared to peers may not be sufficient to offset the concerns raised by its recent performance and the overall market conditions.