Why is Nitin Spinners falling/rising?

As of 12-Aug, Nitin Spinners Ltd is experiencing a decline in its stock price, currently at Rs 330.60, which reflects a decrease of Rs 6.2 or 1.84%. The stock has underperformed its sector by 1.27% today, having touched an intraday low of Rs 330, which is a drop of 2.02%. Over the past week, the stock has decreased by 5.46%, and its year-to-date performance shows a significant decline of 26.45%. Despite a high management efficiency indicated by a return on capital employed (ROCE) of 16.20% and healthy long-term growth with an operating profit increase of 37.16%, the stock's recent performance has been negatively impacted by flat quarterly results, with net sales and profit figures at their lowest. Additionally, the stock is trading below all key moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 24.4% against the five-day average.
In the broader market context, Nitin Spinners has underperformed compared to the benchmark, with a one-year return of -24.42% against the BSE500's decline of only -2.11%. This stark contrast highlights the stock's struggles relative to the market. The company's attractive valuation, indicated by a PEG ratio of 0.5, suggests it is trading at a discount compared to peers, yet this has not translated into positive stock performance. The liquidity of the stock remains adequate for trading, but the overall sentiment appears negative, influenced by the recent poor financial results and a significant drop in trading volume.