Why is Nitiraj Engineer falling/rising?

As of 15-Sep, Nitiraj Engineers Ltd is experiencing a rise in its stock price, currently at 222.50, reflecting an increase of 10.62 or 5.01%. The stock has outperformed its sector today by 4.97%, and it is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average. Over the past week, the stock has shown a return of +14.07%, significantly outperforming the Sensex, which only increased by +1.20%. However, there has been a notable decline in investor participation, with delivery volume dropping by 60.14% compared to the 5-day average. While the company has a low debt-to-equity ratio and healthy long-term growth in operating profit, it has also faced challenges, including a significant drop in profits and low management efficiency, which may temper investor enthusiasm.
In the broader market context, Nitiraj Engineers Ltd's short-term performance has been strong compared to the Sensex, with a 1-week return of +14.07% against the benchmark's +1.20%. Despite this positive short-term movement, the stock has underperformed on a year-to-date basis, showing a decline of -1.98% while the Sensex has gained +6.02%. The company's recent negative financial results, including a substantial decrease in net sales and profit after tax, could weigh on future performance, even as the stock currently enjoys a favorable valuation relative to its peers. Overall, while the stock is rising today, the mixed signals from its financial health and market performance suggest a complex outlook.