Why is GNFC falling/rising?

As of 03-Jul, Gujarat Narmada Valley Fertilizers & Chemicals Ltd. is experiencing a decline in its stock price, currently at 558.80, reflecting a decrease of 3.3 points or 0.59%. The stock has underperformed its sector by 0.29% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.88%. Despite a positive performance over the past week and month, with returns of 1.42% and 1.37% respectively, the stock has significantly underperformed over the past year, with a return of -22.74%. The company has a low Debt to Equity ratio and has reported positive financial results, including a record operating profit margin and a rise in profits by 20.1% over the past year, which suggests a fair valuation despite the recent price drop.
In the broader market context, the stock's short-term performance is better than the benchmark Sensex, which has declined by 0.62% over the past week. However, the stock's year-to-date return of 0.37% is notably lower than the Sensex's 6.53% gain, indicating a relative weakness in performance. The falling investor participation, as evidenced by a decrease in delivery volume, could be contributing to the stock's decline. Additionally, while institutional holdings are high at 25.17%, suggesting confidence from larger investors, the overall market sentiment and recent price trends indicate challenges for the stock in maintaining upward momentum.