Why is Nitta Gelatin falling/rising?

As of 28-Jul, Nitta Gelatin India Ltd is experiencing a decline in its stock price, currently at 928.40, which reflects a decrease of 7.25 points or 0.77%. The stock has been losing value for the last two days, with a total drop of 2.02% during this period. It reached an intraday low of Rs 901, marking a decline of 3.7%. Despite this recent downturn, the stock has shown strong performance in the longer term, with a 21.87% increase year-to-date and a remarkable 183.48% rise over the past three years. However, it is important to note that while the stock has generated a return of 14.98% over the past year, its profits have decreased by 8.1%, indicating potential concerns about profitability despite a strong ability to service debt, as evidenced by a low Debt to EBITDA ratio of 0.62 times.
In the broader market context, Nitta Gelatin's short-term performance has been notably better than the benchmark, with a 1-week return of -5.18% compared to the Sensex's -1.59%. This suggests that while the stock is facing some challenges, it has outperformed the market in the longer term. The stock's liquidity remains adequate for trading, although there has been a significant drop in investor participation, with delivery volume falling by 48.33% against the 5-day average. Overall, while the stock has shown resilience and outperformance in the long run, recent price movements and declining investor interest may be contributing to its current downward trend.