Why is Nitta Gelatin falling/rising?

As of 18-Jul, Nitta Gelatin India Ltd is experiencing a rise in its stock price, currently at Rs 958.15, reflecting an increase of Rs 18.15 or 1.93%. The stock has shown strong performance recently, gaining 4.86% over the last two days and is only 4.89% away from its 52-week high of Rs 1005. It has outperformed its sector by 2.96% today and is trading above all key moving averages, indicating positive momentum. However, there is a notable decline in investor participation, with delivery volume dropping by 72.4% compared to the 5-day average. Despite this, the stock has demonstrated impressive returns over various periods, including a 25.77% increase year-to-date and a remarkable 741.96% rise over the last five years. The company maintains a low Debt to EBITDA ratio of 0.62 times and a fair valuation with a Price to Book Value of 2.1, which supports its ability to service debt.
In the broader market context, Nitta Gelatin's recent performance contrasts favorably with the benchmark, as it has outperformed the Sensex, which has only increased by 0.38% over the past month. The stock's ability to generate a 20.07% return over the past year, despite a decline in profits of 8.1%, highlights its resilience and market-beating performance in both the long and short term. This strong performance, coupled with its favorable financial metrics, positions Nitta Gelatin positively in the market, even as it faces challenges with reduced investor participation.