Why is Nitin Spinners falling/rising?

As of 15-Sep, Nitin Spinners Ltd's stock price is currently at 336.60, reflecting an increase of 5.7 or 1.72%. The stock has shown a positive performance today, outperforming its sector by 1.42% and reaching an intraday high of Rs 338.95. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential weakness in momentum. Despite a year-to-date decline of 25.12%, the company has demonstrated strong management efficiency with a high return on capital employed (ROCE) of 16.20% and healthy long-term growth with an annual operating profit increase of 37.16%. The stock is currently trading at a discount compared to its peers, and while it has generated a negative return of -19.00% over the past year, its profits have increased by 20.4%, suggesting a favorable valuation.
In the broader market context, Nitin Spinners has seen a 1.08% increase over the past week, which is slightly below the Sensex's 1.24% gain. Over the last month, the stock has risen by 3.06%, again underperforming the Sensex's 1.47% increase. The stock's recent rise can be attributed to increased investor participation, with delivery volume rising significantly. However, the company has faced challenges, including flat quarterly results and below-par performance in both the long and short term, which may contribute to cautious sentiment among investors despite some positive indicators.