Why is Nitin Spinners falling/rising?

As of 20-Aug, Nitin Spinners Ltd's stock price is currently at Rs 357.00, reflecting an increase of Rs 7.7 or 2.2%. The stock has shown a positive performance today, outperforming its sector by 1.64%, and has been on a consecutive gain streak for the last three days, accumulating a total return of 9.83% during this period. Additionally, the stock's delivery volume has significantly increased by 78.16% compared to the 5-day average, indicating rising investor participation. Despite a year-to-date decline of 20.58%, the company has demonstrated high management efficiency with a return on capital employed (ROCE) of 16.20% and healthy long-term growth, as evidenced by an annual operating profit growth rate of 37.16%. The stock is currently trading at a discount compared to its peers, with a PEG ratio of 0.6, suggesting attractive valuation.
In the broader market context, Nitin Spinners' short-term return of 7.11% over the past week significantly outpaces the Sensex's return of 1.64% during the same period. This indicates that the stock is performing well relative to the market, which may be contributing to positive investor sentiment. However, it is important to note that while the stock has shown recent gains, it has underperformed over the longer term, with a decline of 16.10% over the past year compared to the Sensex's modest gain of 1.31%. Overall, the combination of recent positive performance, rising investor interest, and attractive valuation metrics appears to be driving the stock's upward movement despite its historical underperformance.