Why is Narmada Agrobase falling/rising?

As of 03-Jul, Narmada Agrobase Ltd's stock price is currently at 18.04, reflecting an increase of 0.29, or 1.63%. The stock has outperformed its sector today by 2.46%, although it has shown a decline of 4.09% over the past week. Despite this recent uptick, the stock has underperformed significantly over the past year, with a return of -20.14%. However, the company has reported positive results for the last five consecutive quarters, including a remarkable 140.54% growth in profit after tax and record net sales of Rs 29.30 crore. Additionally, institutional investors have increased their stake, indicating a growing confidence in the company's fundamentals, despite its high debt to EBITDA ratio and low return on equity.
In the broader market context, while Narmada Agrobase has experienced a decline of 4.09% over the past week, the benchmark Sensex has only decreased by 0.62% during the same period. This suggests that the stock's recent performance is not entirely reflective of the overall market trends. Furthermore, the stock's year-to-date performance shows a significant underperformance compared to the benchmark, which has gained 6.53%. The company's ability to attract institutional investors and its strong profit growth may provide some support for the stock, but the long-term fundamental weaknesses and consistent underperformance against benchmarks raise concerns about its sustainability in the market.