Why is Nitin Spinners falling/rising?

As of 19-Sep, Nitin Spinners Ltd is experiencing a rise in its stock price, currently at 351.65, reflecting an increase of 5.8 or 1.68%. The stock has shown a positive performance today, outperforming its sector by 1.48% and has gained consecutively over the last two days, with a total return of 2.43% during this period. Despite a year-to-date decline of 21.77%, the stock has performed well over the past week with a return of 6.27%. The company benefits from high management efficiency, indicated by a return on capital employed (ROCE) of 16.20%, and has seen healthy long-term growth with an annual operating profit increase of 37.16%. However, it is trading at a discount compared to its peers, which may attract investors looking for value.
In the broader market context, Nitin Spinners' short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.88% over the same week. While the stock's recent gains are encouraging, it is important to note the declining investor participation, with delivery volume falling by 54.18% against the five-day average, which may raise concerns about sustained interest. Additionally, the stock's moving averages indicate that it is performing better than the short-term averages but is still below the longer-term averages, suggesting mixed signals about its momentum. Overall, while the stock is currently rising, the underlying factors such as declining volumes and recent flat results could pose challenges ahead.