Why is Narmada Agrobase falling/rising?

As of 04-Jul, Narmada Agrobase Ltd is currently priced at 17.90, reflecting a decrease of 0.14, or 0.78%. The stock has underperformed its sector today by 0.68%, and its delivery volume has significantly dropped by 72.73% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has declined by 1.70%, while it has shown a modest increase of 4.01% over the past month. Despite positive results in the last five consecutive quarters, including a substantial growth in profits and net sales, the stock has generated a negative return of 24.50% over the last year, which raises concerns about its long-term fundamental strength. Additionally, while institutional investors have increased their stake, the company's high debt-to-EBITDA ratio and low return on equity suggest challenges in profitability.
In the broader market context, Narmada Agrobase's recent performance has been weaker than the benchmark, with the Sensex showing a decline of only 0.74% over the same week. The stock's year-to-date performance is notably poor, with a decline of 15.80% compared to the Sensex's gain of 6.77%. This consistent underperformance against the benchmark over the last three years further highlights the stock's struggles, despite some positive indicators such as increased institutional interest and a favorable PEG ratio. Overall, the combination of declining investor participation, weak long-term fundamentals, and underperformance relative to the market contributes to the stock's current downward movement.