Why is NLC India falling/rising?

As of 30-Jul, NLC India Ltd. is currently priced at 244.00, reflecting an increase of 4.0, or 1.67%. The stock has been gaining momentum, having outperformed its sector by 1.69% today and achieving a consecutive gain over the last two days with a total return of 4.1%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these positive indicators, there has been a significant drop in investor participation, with delivery volume decreasing by 70.75% compared to the 5-day average. The company has shown strong financial performance in recent months, with a 215.38% growth in PAT and a 23.00% increase in net sales, which may contribute to the stock's upward movement. However, concerns regarding its high Debt to EBITDA ratio of 5.83 times and low long-term growth rates could temper investor enthusiasm. In the broader market context, NLC India's short-term performance has been relatively strong, with a 1-month return of 6.02%, contrasting with the Sensex's decline of 2.54% over the same period. However, the stock has underperformed the market over the past year, with a return of -16.95% compared to the Sensex's slight increase of 0.03%. This disparity highlights the challenges the company faces despite its recent gains, as it has not kept pace with broader market trends in the long term. The high institutional holdings at 21.5% may provide some stability, but the overall outlook remains cautious due to the company's debt levels and growth potential.