Why is Nitin Spinners falling/rising?

As of 19-Aug, Nitin Spinners Ltd is experiencing a rise in its stock price, currently at 349.30, reflecting an increase of 4.3 or 1.25%. The stock has shown a positive trend, gaining 7.46% over the last two days, and it reached an intraday high of Rs 357.1. Despite a challenging month with a return of -9.97%, the stock has outperformed the benchmark Sensex in the past week, which saw a return of +5.66%. The company benefits from high management efficiency, indicated by a return on capital employed (ROCE) of 16.20%, and a healthy long-term growth rate in operating profit of 37.16% annually. Additionally, the stock is trading at a discount compared to its peers, with a PEG ratio of 0.6, suggesting attractive valuation despite a negative return of -19.62% over the past year.
In the broader market context, Nitin Spinners' recent performance contrasts with the Sensex, which has only gained 1.76% over the past week. The stock's rising investor participation, evidenced by an 80.38% increase in delivery volume, indicates growing interest among investors, contributing to its upward movement. The liquidity of the stock remains adequate for trading, further supporting its price stability. Overall, while the stock has faced significant declines year-to-date and over the past year, its recent gains and positive operational metrics suggest a potential turnaround in investor sentiment.