Why is Narmada Agrobase falling/rising?

As of 07-Jul, Narmada Agrobase Ltd's stock price is flat at 17.90, with no change (0.00%). The stock has outperformed its sector by 1.58% today, although it has shown a slight decline of 0.06% over the past week. Despite a positive performance in the last month with a return of +1.36%, the stock has struggled significantly over the year, with a decline of -28.08%. The company has reported positive results for the last five consecutive quarters, with a notable growth in PAT and net sales. However, the stock's long-term fundamentals are weak, indicated by a high debt-to-EBITDA ratio and below-average return on equity. Additionally, while institutional investors have increased their stake, the overall investor participation has fallen sharply.
In the broader market context, Narmada Agrobase's recent performance contrasts with the Sensex, which has gained 1.53% over the past month and 6.79% year-to-date. The stock's underperformance relative to the benchmark is evident, especially considering its -28.08% return over the past year compared to the Sensex's positive return of 4.31%. This disparity highlights the challenges faced by Narmada Agrobase in maintaining investor confidence, despite some positive financial indicators and increased institutional interest.