Why is Nikhil Adhesives falling/rising?

As of 16-Sep, Nikhil Adhesives Ltd is experiencing a decline in its stock price, currently at 103.50, which reflects a decrease of 0.5 or 0.48%. The stock has underperformed its sector today by 0.98% and has been on a downward trend for the last two days, with a total drop of 1.71% during this period. Although the stock is trading higher than its 20-day and 100-day moving averages, it is below its 5-day, 50-day, and 200-day moving averages. The stock's year-to-date performance shows a significant decline of 12.95%, and over the past year, it has fallen by 26.07%. Despite these challenges, there has been a rise in investor participation, with delivery volume increasing by 25.34% compared to the 5-day average.
In the broader market context, the stock's short-term performance over the past week shows a gain of 0.98%, which is lower than the Sensex's increase of 1.58%. This indicates that while the stock has seen some positive movement recently, it is still lagging behind the benchmark index. The year-to-date and one-year returns further highlight the stock's struggles, contrasting sharply with the Sensex's positive performance of 5.43% and a slight decline of 0.73%, respectively. Overall, the combination of recent underperformance, declining returns, and the stock's position relative to moving averages suggests a challenging environment for Nikhil Adhesives Ltd.