Why is Nitin Spinners falling/rising?

As of 21-Jul, Nitin Spinners Ltd is experiencing a price increase, currently trading at 400.55, which reflects a rise of 12.55 or 3.23%. The stock has shown strong performance today, outperforming its sector by 3.65% and reaching an intraday high of Rs 403, marking a 3.87% increase. Over the past week, the stock has gained 4.75%, and over the last month, it has risen by 8.32%. Despite a year-to-date decline of 10.89%, the company has demonstrated consistent growth with a high return on capital employed (ROCE) of 16.20% and positive results for the last four consecutive quarters, including a significant annual growth rate of 29.44% in operating profit. However, there is a noted decrease in delivery volume, which has fallen by 23.24% against the 5-day average, indicating a potential concern regarding investor participation.
In the broader market context, Nitin Spinners has outperformed the benchmark Sensex in the short term, with a 1-week return of 4.75% compared to a slight decline of 0.06% for the index. While the stock has shown resilience and strong returns over the past three years, outperforming the BSE500 in each of the last three annual periods, it faces risks from falling participation by institutional investors, who have reduced their stake by 0.58% in the previous quarter. This decline in institutional interest could impact future price movements, as these investors typically possess more resources and expertise in analyzing company fundamentals compared to retail investors.