Why is NTC Industries falling/rising?

As of 24-Jul, NTC Industries Ltd's stock price is currently at Rs 172.10, reflecting an increase of Rs 5.25 or 3.15%. The stock has shown a trend reversal by gaining after two consecutive days of decline, and it outperformed its sector by 4.77% today. Despite trading lower than its moving averages across various timeframes, the stock reached an intraday high of Rs 182, indicating some volatility. Over the past week, the stock has decreased by 2.41%, and its year-to-date performance shows a significant decline of 26.45%. However, the company has reported strong operating profit growth and positive quarterly results, which have likely contributed to the recent uptick in price and increased investor participation, particularly from institutional investors.
In the broader market context, while NTC Industries has experienced a decline of 26.45% year-to-date, the benchmark Sensex has gained 5.18% in the same period. This stark contrast highlights the stock's underperformance relative to the market. However, the stock's one-year return of 32.38% significantly outpaces the Sensex's return of 2.54%, suggesting that despite recent volatility, NTC Industries has the potential for long-term growth. The increased participation from institutional investors, who have raised their stake in the company, further supports the notion that the stock may be undervalued compared to its peers, which could be a factor in its recent price increase.