Why is Nikhil Adhesives falling/rising?

As of 22-Sep, Nikhil Adhesives Ltd is experiencing a decline in its stock price, currently at 100.00, which reflects a decrease of 1.0 or 0.99%. The stock has been losing value for the last two days, with a total drop of 3.89% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a significant increase in delivery volume by 308.76% on September 19, which suggests rising investor participation, the overall performance remains weak, with year-to-date returns down by 15.90% and a staggering 24.87% decline over the past year.
In the broader market context, Nikhil Adhesives' recent performance contrasts sharply with the Sensex, which has gained 0.46% over the past week and 5.15% year-to-date. While the stock has shown a modest increase of 1.47% over the past month, its longer-term performance is concerning, with a 39.78% decline over three years compared to the Sensex's 38.97% gain. This underperformance relative to the benchmark, combined with the recent consecutive price falls, suggests that investor sentiment may be cautious, leading to the stock's current downward trajectory.