Why is Nitin Castings falling/rising?

As of 16-Sep, Nitin Castings Ltd is experiencing a price increase, currently at 584.80, reflecting a rise of 10.7 or 1.86%. Today's performance indicates that the stock has outperformed its sector by 0.39%. However, it is important to note that the stock has shown a decline of 0.88% over the past week and a more significant drop of 6.42% over the past month. The stock's delivery volume has decreased sharply by 72.4% compared to the 5-day average, indicating falling investor participation. Despite these challenges, the company has a low debt-to-equity ratio and has reported strong operating profit growth, with a notable increase in PAT and PBDIT in the latest quarter, which may contribute positively to investor sentiment.
Broader market context shows that while Nitin Castings has outperformed its sector today, it has underperformed the benchmark Sensex over the past week and month, which have gained 1.58% and 2.21%, respectively. The stock's year-to-date performance is also concerning, with a decline of 15.86% compared to the Sensex's increase of 5.43%. Despite the attractive valuation and healthy long-term growth potential, the recent negative returns and reduced trading volume suggest that investor confidence may be wavering, impacting the stock's overall performance in the market.