Why is Nitin Spinners falling/rising?

As of 12-Sep, Nitin Spinners Ltd's stock price is currently at 330.90, reflecting a decrease of 12.8 points or 3.72%. The stock has underperformed its sector by 3.14% today and has experienced a trend reversal, falling after two consecutive days of gains. It reached an intraday low of Rs 329.35, indicating a decline of 4.18%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a notable drop in investor participation, with delivery volume falling by 11.06% against the 5-day average. Over the past year, while the stock has generated a return of -20.27%, its profits have increased by 20.4%, but the flat results reported for June 25, including the lowest net sales and profit before tax, have contributed to the negative sentiment surrounding the stock.
In the broader market context, Nitin Spinners' short-term performance has been disappointing compared to the benchmark, as it has returned -0.72% over the past week while the Sensex has gained 1.48%. This underperformance is compounded by the company's below-par results and long-term performance, which have seen it lag behind the BSE500 over various time frames. Despite some positive indicators such as high management efficiency and healthy long-term growth in operating profit, the stock's current valuation and recent performance suggest a lack of investor confidence, leading to its decline in price.