Why is Nitin Spinners falling/rising?

As of 04-Nov, Nitin Spinners Ltd is experiencing a decline in its stock price, currently at Rs 319.70, which reflects a decrease of Rs 10.6 or 3.21%. The stock has been underperforming, having fallen consecutively for the last two days, with a total decline of 3.55% during this period. It has also touched an intraday low of Rs 316.65. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has decreased significantly, falling by 73.21% against the 5-day average, suggesting a lack of investor interest. Over the past year, Nitin Spinners has generated a return of -23.30%, significantly underperforming the broader market, which has seen a return of 4.72%.
In the broader market context, the stock's performance over the last week shows a decline of 5.73%, while the benchmark Sensex has only decreased by 1.38%. Despite the company's high management efficiency and healthy long-term growth in operating profit, the recent negative quarterly results, including a 20.2% drop in PAT and the lowest net sales recorded, have negatively impacted investor sentiment. The stock's attractive valuation compared to peers and a low PEG ratio may not be sufficient to counteract the recent poor performance and declining investor participation, leading to its current downward trend.