Why is Nitin Spinners falling/rising?

As of 08-Jul, Nitin Spinners Ltd's stock price is currently at 398.15, reflecting an increase of 5.5, or 1.4%. Today, the stock opened with a gain of 4.06% and reached an intraday high of Rs 409.95, indicating strong initial momentum. However, it underperformed its sector by 0.43% and experienced a decrease in delivery volume by 1.45% compared to the 5-day average, suggesting a decline in investor participation. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Over the past year, Nitin Spinners has generated a return of 10.18%, outperforming the benchmark BSE500 over the same period, while also demonstrating strong management efficiency with a high return on capital employed (ROCE) of 16.20% and consistent growth in operating profit.
In the broader market context, the stock's short-term performance of +1.61% over the past week contrasts with the Sensex, which has only increased by 0.02%. This suggests that Nitin Spinners is currently outperforming the broader market in the short term. The company's positive financial results over the last four quarters, including a significant increase in net sales and profits, contribute to its attractive valuation and long-term growth potential. The stock's PEG ratio of 0.4 further indicates that it is trading at a discount compared to its peers, reinforcing the positive sentiment around its future performance despite the recent decline in trading volume.