Why is NTC Industries falling/rising?

As of 30-Jul, NTC Industries Ltd is currently priced at 173.00, reflecting a slight increase of 0.3 (0.17%). The stock has been gaining for the last two days, with a total return of 1.76% during this period. However, despite this recent uptick, the stock has experienced a decline of 12.32% over the past month and a significant drop of 26.07% year-to-date. The stock is currently trading above its 5-day moving average but below its longer-term moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 75.08% against the 5-day average. On a positive note, the company has shown healthy long-term growth, with operating profit increasing at an annual rate of 69.84%, and institutional investors have raised their stake by 2.83% in the last quarter, indicating growing confidence in the company's fundamentals.
In the broader market context, NTC Industries has outperformed the Sensex in the short term, with a 1-week return of +3.69% compared to the benchmark's -1.50%. While the stock has shown resilience in the face of broader market declines, its year-to-date performance remains concerning, especially against the Sensex's positive return of 4.28%. The company's recent positive financial results, including significant growth in operating profit and net sales, contribute to a more favorable outlook, despite the stock's overall decline this year. The attractive valuation metrics, such as a PEG ratio of 1.1, suggest that the stock may be undervalued compared to its peers, which could support further price recovery if investor sentiment improves.