Why is Nikhil Adhesives falling/rising?

As of 07-Nov, Nikhil Adhesives Ltd is experiencing a decline in its stock price, currently at Rs 109.10, which reflects a decrease of Rs 3.0 or 2.68%. The stock has been underperforming, having fallen consecutively for the last seven days, resulting in a total decline of 5.95% during this period. Today's trading saw the stock reach an intraday low of Rs 105.05, indicating significant selling pressure. Over the past week, the stock has underperformed its sector by 2.72%. Despite a strong ability to service debt and a fair valuation compared to peers, the stock's negative performance is compounded by poor long-term growth, with net sales growing at only 9.60% annually over the last five years and recent negative financial results.
In the broader market context, Nikhil Adhesives has shown a 1-week return of -4.51%, significantly underperforming the Sensex, which only declined by 0.86% during the same period. This consistent underperformance against the benchmark over the last three years, along with a lack of domestic mutual fund investment, suggests a lack of confidence in the stock's future prospects. While the stock has seen a positive return of 10.37% over the past month, the overall trend remains negative, particularly in light of the recent financial results and the stock's inability to attract institutional investment.