Why is Nitin Spinners falling/rising?

As of 11-Sep, Nitin Spinners Ltd is experiencing a slight increase in its stock price, currently at 343.70, reflecting a change of 1.7, or 0.5%. The stock has shown positive momentum, gaining 3.73% over the last two days and outperforming the benchmark Sensex in the short term, with a 1-week return of +2.90% compared to the Sensex's +1.03%. Additionally, the stock's delivery volume has increased by 13.25% against the 5-day average, indicating rising investor participation. Despite these positive indicators, the stock has underperformed over the longer term, with a year-to-date decline of -23.54% and a one-year return of -16.70%. The company has demonstrated high management efficiency and healthy long-term growth, with a significant annual operating profit increase of 37.16%, but it also faces challenges due to flat results in recent quarters.
In the broader market context, while Nitin Spinners has shown some resilience in the short term, it has significantly lagged behind the market over the past year, where the BSE500 index posted a negative return of -2.29%. The stock's performance has been hindered by its recent financial results, which were the lowest in key metrics such as net sales and profit before tax. Despite trading at a discount compared to its peers and having a favorable PEG ratio of 0.5, the overall market sentiment remains cautious due to its substantial decline relative to the market. Thus, while there are some positive factors supporting the stock's recent rise, the broader context suggests ongoing concerns regarding its long-term performance.