Why is Nitta Gelatin falling/rising?

As of 19-Sep, Nitta Gelatin India Ltd's stock price is currently at 926.95, reflecting a decrease of 1.05 points or 0.11%. The stock has been trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 50.69% compared to the 5-day average. Despite this recent decline, the stock has shown strong performance over various periods, including a 10.35% increase over the past month and a 21.68% rise year-to-date. The company maintains a low Debt to EBITDA ratio of 0.62, suggesting a strong ability to service its debt, and its return on equity stands at 18.1, indicating fair valuation.
In the broader market context, Nitta Gelatin has outperformed the Sensex, with a 2.20% return over the past week compared to the benchmark's 0.88%. The stock's long-term performance has also been impressive, with a 89.99% increase over the past three years, significantly surpassing the Sensex's 39.71% gain in the same period. While the stock is trading at a premium compared to its peers' historical valuations, it has generated a return of 15.15% over the past year, despite a modest profit increase of only 0.7%. This combination of strong historical performance and current valuation metrics suggests that while the stock is experiencing a slight decline, it remains a hold due to its overall market-beating performance and solid fundamentals.