Why is GNFC falling/rising?

As of 17-Jul, Gujarat Narmada Valley Fertilizers & Chemicals Ltd. is experiencing a decline in its stock price, currently at 546.10, reflecting a decrease of 2.45 points or 0.45%. The stock has been losing value for the past two days, with a total drop of 0.94% during this period. It has traded within a narrow range of Rs 4.45 and shows a decrease in investor participation, as evidenced by a 20.17% drop in delivery volume compared to the five-day average. Despite this, the company has a high dividend yield of 3.01% and is trading at a fair valuation with a Price to Book Value of 0.9, indicating that while the stock has generated a negative return of -20.53% over the past year, its profits have increased by 20.1%.
In the broader market context, the stock's short-term performance of +0.25% over the past week contrasts with the Sensex, which has declined by 1.12% during the same period. However, the year-to-date performance shows that the stock has underperformed the benchmark, with a decline of -1.91% compared to the Sensex's gain of +5.27%. The high institutional holdings at 23.17% suggest that knowledgeable investors are backing the company, which may provide some stability despite the recent price decline. Overall, the combination of falling investor participation and the stock's recent performance against the benchmark indicates a cautious sentiment among investors.