Why is Nitta Gelatin falling/rising?

As of 15-Jul, Nitta Gelatin India Ltd is experiencing a decline in its stock price, currently at Rs 925.45, which reflects a decrease of Rs 13.2 or 1.41%. The stock has underperformed its sector by 2.5% today and has been on a downward trend for the last two days, resulting in a total drop of 6.87%. It reached an intraday low of Rs 850, indicating significant volatility with a wide trading range of Rs 100. Despite a strong long-term performance, with a 21.48% increase year-to-date and a 15.39% return over the past year, the stock's profits have fallen by 8.1%, which may be contributing to the recent price decline. Additionally, the falling investor participation, as evidenced by a 56.17% drop in delivery volume, suggests reduced interest in the stock.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has gained 0.38% over the past week while the Sensex has declined by 1.36%. This indicates that, despite the current downturn, Nitta Gelatin has been able to outperform the market in the short term. However, the overall market sentiment may be affecting investor confidence, leading to the stock's recent price drop. The company's strong ability to service debt, indicated by a low Debt to EBITDA ratio, and its fair valuation relative to peers may provide some support, but the combination of declining profits and reduced trading volume could be weighing on the stock's performance.