Why is NLC India falling/rising?

As of 17-Sep, NLC India Ltd. is currently priced at 258.10, reflecting a decrease of 4.0 points or 1.53%. Today's performance indicates that the stock has underperformed its sector by 1.12%, with an intraday low of Rs 256, marking a decline of 2.33%. Despite this drop, the stock has shown positive returns over the past week and month, with increases of 3.90% and 8.74%, respectively. However, it has a negative return of 5.06% over the past year. The stock is trading above its moving averages across various time frames, which suggests some underlying strength. Additionally, the company has a favorable valuation with a return on capital employed (ROCE) of 7.2 and a PEG ratio of 0.3, indicating that it may be undervalued compared to its peers. However, a significant decline in investor participation, with delivery volume falling by 57.4% against the 5-day average, could be contributing to the stock's recent price decline.
In the broader market context, NLC India's short-term performance has outpaced the benchmark Sensex, which has risen by 1.56% over the past week and 2.60% over the past month. However, the stock's year-to-date return of 2.62% is notably lower than the Sensex's 5.83% gain, indicating a relative underperformance in the longer term. The high institutional holdings at 21.5% suggest that informed investors are backing the stock, which could provide some stability. Nevertheless, the overall market sentiment and the recent drop in trading volume may be influencing the stock's current downward movement.