Why is Nikhil Adhesives falling/rising?

As of 23-Sep, Nikhil Adhesives Ltd is experiencing a decline in its stock price, currently at 100.00, reflecting a decrease of -0.1, or -0.1%. The stock has been underperforming recently, having fallen for the last three days with a total decline of -3.89%. In terms of returns, the stock has shown a -3.38% decrease over the past week and a significant -15.90% year-to-date, contrasting sharply with the Sensex, which has gained 5.07% in the same timeframe. While the stock has outperformed its sector by 0.46% today, it remains below its moving averages across various time frames, indicating a bearish trend. Notably, there has been a rise in investor participation, with delivery volume increasing by 23.9% against the five-day average, suggesting some interest despite the overall downward movement.
In the broader market context, Nikhil Adhesives' recent performance contrasts with the Sensex, which has only declined by -0.34% over the past week. This indicates that while the market is relatively stable, Nikhil Adhesives is struggling significantly more than the benchmark. Over the past month, the stock has managed a slight gain of +1.47%, but this is overshadowed by its longer-term performance, particularly the -28.42% drop over the past year. The liquidity of the stock remains adequate for trading, but the persistent decline and underperformance against the benchmark suggest that investor sentiment may be cautious, contributing to the stock's recent price movements.