Why is GNFC falling/rising?

As of 02-Jul, Gujarat Narmada Valley Fertilizers & Chemicals Ltd. is experiencing a decline in its stock price, currently at 562.10, which reflects a decrease of 7.4 points or 1.3%. The stock has shown a trend reversal, falling after two consecutive days of gains. Despite this recent drop, the stock has performed positively over the past week and month, with returns of 1.46% and 5.10%, respectively. Additionally, the stock's delivery volume has significantly increased by 174.51% compared to the five-day average, indicating rising investor participation. The company maintains a low debt-to-equity ratio and has reported strong financial results, including the highest quarterly PBDIT and operating profit margins, which may support its valuation despite the current price decline.
In the broader market context, while Gujarat Narmada Valley Fertilizers & Chemicals Ltd. has seen a short-term return of 1.46% over the past week, the benchmark Sensex has returned 0.79% in the same period, suggesting that the stock is outperforming the market slightly in the short term. However, the stock's year-to-date performance is lagging behind the Sensex, which has gained 6.75%, indicating a weaker long-term trend. The high institutional holdings at 25.17% may provide some stability, as these investors typically have more resources to analyze the company's fundamentals, potentially mitigating the impact of the recent price drop.