Why is Nila Infrastruct falling/rising?

As of 27-Jun, Nila Infrastructures Ltd is experiencing a price increase, with its current price at 12.52, reflecting a change of 0.07 or 0.56% upward. The stock has shown strong performance recently, outperforming its sector by 1.69% today and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Nila Infrastruct has gained 3.73%, and in the last month, it has risen by 10.99%. Despite a slight year-to-date decline of 0.08% and a 1.26% drop over the past year, the company has reported significant growth in net profit of 38.29% and has declared positive results for the last nine consecutive quarters. The company's strong financial metrics, including a return on capital employed (ROCE) of 18.85% and a cash reserve of Rs 26.27 crore, contribute positively to its valuation, making it attractive compared to peers.
In the broader market context, Nila Infrastruct's short-term performance has outpaced the benchmark Sensex, which has increased by 2.00% over the past week and 3.07% over the past month. However, the stock's year-to-date performance lags behind the Sensex's gain of 7.58%. The recent decline in investor participation, with a 16.54% drop in delivery volume compared to the 5-day average, may indicate some caution among investors, despite the positive financial results and attractive valuation metrics. Overall, while the stock is currently rising, the mixed signals from trading volume and broader market performance suggest a need for careful observation moving forward.