Why is Nitin Spinners falling/rising?

As of 28-Aug, Nitin Spinners Ltd is currently priced at 339.20, reflecting a rise of 1.2 (0.36%). After experiencing four consecutive days of decline, the stock has shown a slight recovery today. Despite this uptick, the stock has underperformed in the short term, with a 1-week return of -3.09% and a 1-month return of -11.18%. It is also trading below its moving averages across various time frames, indicating a bearish trend. However, the stock has demonstrated high management efficiency with a return on capital employed (ROCE) of 16.20% and has seen a healthy long-term growth in operating profit at an annual rate of 37.16%. Despite a negative return of -21.39% over the past year, the company's profits have increased by 20.4%, suggesting that the stock may be undervalued compared to its peers.
In the broader market context, the Sensex has seen a decline of -2.34% over the past week and -1.00% over the past month, indicating that the market is experiencing a downturn. Nitin Spinners' performance has been notably worse than the benchmark, particularly over the last year, where it has significantly underperformed the market's negative return of -5.01%. This disparity highlights the challenges the company faces, including flat results in its latest quarterly earnings, which reported the lowest net sales and profits. Despite the recent rise in investor participation, the overall sentiment remains cautious due to the stock's historical underperformance relative to the market.