Why is GNFC falling/rising?

As of 05-June, Gujarat Narmada Valley Fertilizers & Chemicals Ltd. is experiencing a decline in its stock price, currently at 545.10, reflecting a decrease of 4.4 points or 0.8%. The stock has been losing value for the last two days, with a total return of -1.12% during this period. Although the stock has performed positively over the past month with a return of 12.05%, it has underperformed on a year-to-date basis, showing a decline of 2.09%. The company's delivery volume has also decreased significantly, falling by 26.84% compared to the five-day average, indicating a reduction in investor participation. Despite these challenges, the company maintains a low debt-to-equity ratio and has reported strong financial results, including the highest quarterly operating profit margin and substantial institutional holdings, which may provide some support to the stock.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 0.23% over the past week. While GNFC's short-term performance is slightly better than the benchmark, its year-to-date and one-year returns are notably worse, with declines of 2.09% and 12.65%, respectively, compared to the Sensex's gains of 4.23% and 9.49%. This underperformance relative to the market could be contributing to the stock's downward pressure, as investors may be favoring other opportunities that are yielding better returns.