Why is Nitta Gelatin falling/rising?

As of 09-Jul, Nitta Gelatin India Ltd is experiencing a decline in its stock price, currently at Rs. 917.65, which represents a decrease of 4.3 points or 0.47%. The stock recently hit a new 52-week high of Rs. 933.15 but has underperformed its sector by 0.45% today, following three consecutive days of gains. Despite this short-term drop, the stock has shown strong performance over various periods, with a 12.73% increase over the past week and a remarkable 170.97% rise over the last three years. The company maintains a low Debt to EBITDA ratio of 0.62, indicating a strong ability to service its debt, and while it has a fair valuation with a return on equity of 18, its profits have decreased by 8.1% over the past year, which may contribute to investor caution.
In the broader market context, Nitta Gelatin's recent performance contrasts with the Sensex, which has only increased by 0.15% in the past week. The stock's ability to outperform the benchmark over longer periods, such as a 20.46% rise year-to-date compared to the Sensex's 6.91%, highlights its strong market position. However, the recent price decline may reflect a natural correction after hitting a high, alongside the fact that the stock is trading at a premium compared to its peers. The significant increase in delivery volume suggests rising investor participation, which could indicate confidence in the stock's long-term potential, despite the current short-term fluctuations.