Why is Nikhil Adhesives falling/rising?

As of 12-Sep, Nikhil Adhesives Ltd's stock price is currently at 105.30, reflecting an increase of 0.8, or 0.77%. The stock's performance today is in line with its sector, and it is trading above its 5-day, 20-day, 100-day, and 200-day moving averages, although it is below the 50-day moving average. However, there has been a notable decline in investor participation, with delivery volume dropping by 59.31% compared to the 5-day average. Over the past week, the stock has gained 0.38%, but it has underperformed the Sensex, which rose by 1.48%. Year-to-date, Nikhil Adhesives has seen a decline of 11.44%, contrasting with the Sensex's gain of 4.82%. Unfortunately, there is no information available regarding positive or negative factors affecting the stock.
In the broader market context, while Nikhil Adhesives has shown a modest increase in the short term, it has lagged behind the benchmark index, the Sensex, over the same period. The Sensex's stronger performance suggests a more favorable market environment for other stocks, which may be impacting investor sentiment towards Nikhil Adhesives. The significant drop in delivery volume indicates a potential decrease in investor confidence, which could further contribute to the stock's challenges in gaining traction compared to the broader market.