Why is Nikhil Adhesives falling/rising?

As of 18-Nov, Nikhil Adhesives Ltd is experiencing a decline in its stock price, currently at Rs 102.50, which reflects a decrease of Rs 2.45 or 2.33%. The stock has underperformed its sector by 1.35% today and reached an intraday low of Rs 101.6, marking a drop of 3.19%. Over the past week, the stock has decreased by 5.36%, and its year-to-date performance shows a decline of 13.79%. Although the stock is trading above its 200-day moving average, it remains below its 5-day, 20-day, 50-day, and 100-day moving averages. Additionally, there has been a rise in investor participation, with a delivery volume increase of 10.86% compared to the 5-day average, indicating some interest despite the overall downward trend. Unfortunately, the positive and negative factors impacting the stock's recent movement are not available.
Broader market context reveals that while Nikhil Adhesives has faced significant declines over various periods, the benchmark Sensex has shown positive returns, with a 1-week gain of 0.96% and a year-to-date increase of 8.36%. This stark contrast highlights the stock's underperformance relative to the broader market, particularly as it has declined by 39.55% over the past three years while the Sensex has gained 37.31%. The overall market conditions appear to favor other investments, contributing to the downward pressure on Nikhil Adhesives' stock price.