Why is NLC India falling/rising?

As of 16-Sep, NLC India Ltd. is currently priced at 262.10, reflecting a slight increase of 0.45 (0.17%). Despite this positive movement, the stock has underperformed its sector by 0.59% today. Over the past week, NLC India has shown a strong performance with a return of +9.69%, and over the past month, it has increased by +10.43%. However, the stock has experienced a decline of -2.53% over the past year, even as its profits rose by 42.4%. The stock is trading above all its moving averages, indicating a positive trend, but there has been a notable decrease in investor participation, with delivery volume falling by -11.89% against the 5-day average. The company has a high institutional holding of 21.5%, suggesting confidence from larger investors, and it is trading at a discount compared to its peers, supported by an attractive valuation with a PEG ratio of 0.3.
In the broader market context, NLC India's short-term performance significantly outpaces the benchmark Sensex, which has only increased by +1.58% over the past week and +2.21% over the past month. This indicates that while the stock is experiencing some positive momentum, it is still facing challenges in terms of investor engagement and overall market sentiment. The stock's year-to-date return of +4.21% is also lower than the Sensex's +5.43%, highlighting a mixed performance relative to the broader market. Overall, while NLC India has shown strong returns over the longer term, recent trends suggest a cautious outlook due to declining participation and short-term underperformance against its sector.