Why is Nitin Spinners falling/rising?

As of 17-Sep, Nitin Spinners Ltd is currently priced at 343.30, reflecting a decrease of 0.45, or 0.13%. The stock has underperformed its sector by 1.14% today and has experienced a trend reversal, falling after two consecutive days of gains. In terms of returns, the stock has shown a modest increase of 0.38% over the past week and 5.11% over the past month, but it has significantly underperformed on a year-to-date basis with a decline of 23.63%. Despite a high management efficiency indicated by a return on capital employed (ROCE) of 16.20% and healthy long-term growth with an annual operating profit increase of 37.16%, the stock's recent performance has been hampered by flat results in its latest quarterly report, which showed the lowest net sales and profit before tax figures.
Broader market context indicates that while Nitin Spinners has had a positive return over the last three years at 50.34%, it has underperformed the broader market, as reflected by the Sensex's 1-year return of -0.46%. The stock's recent decline can be attributed to falling investor participation, with a significant drop in delivery volume, which fell by 28.15% against the five-day average. Additionally, the stock is trading at a discount compared to its peers, but the overall negative sentiment from its recent financial results and the underperformance relative to the benchmark may be contributing to the current price decline.