Why is NLC India falling/rising?

As of 24-Jul, NLC India Ltd. is experiencing a price increase, currently at 245.40, reflecting a change of 0.9 or 0.37% upward. The stock has shown strong performance recently, gaining 6.44% over the last three days and outperforming its sector by 1.45%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Additionally, the stock has seen a significant rise in delivery volume, which increased by 79.34% compared to the 5-day average. Despite a year-to-date decline of 2.43% and a one-year drop of 13.58%, the company has reported impressive growth in net sales and profit after tax, contributing to a favorable valuation relative to peers.
In the broader market context, NLC India's short-term performance has been notably better than the benchmark Sensex, which has seen a slight decline of 0.09% over the past week, while NLC India has risen by 2.72%. This divergence suggests that investor sentiment towards NLC India is improving despite its longer-term underperformance, as evidenced by its negative returns over the past year. The high institutional ownership at 21.5% may also indicate confidence in the company's fundamentals, although concerns remain regarding its high debt-to-EBITDA ratio and lower long-term growth rates. Overall, the combination of recent positive financial results and strong short-term trading activity appears to be driving the stock's upward movement.