Why is Narmada Agrobase falling/rising?

As of 05-Sep, Narmada Agrobase Ltd is currently priced at 22.05, reflecting a decrease of 0.95, or 4.13%. The stock has underperformed its sector by 1.81% today and has experienced a consecutive decline over the last two days, resulting in a total drop of 4.55%. Despite this recent downturn, the stock has shown a positive trend over the past week with a return of 4.26%. The company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 46.58%, and has reported positive results for the last six consecutive quarters. Additionally, the promoters have increased their stake in the company, indicating confidence in its future prospects.
In the broader market context, while Narmada Agrobase has faced short-term challenges, its year-to-date return of 3.72% surpasses the Sensex's return of 3.29%. However, the stock's performance over the past month has been slightly negative at -0.50%, while the Sensex remained flat at 0.00%. The rising investor participation, evidenced by a significant increase in delivery volume, suggests that there is still interest in the stock despite its recent price decline. Overall, while the stock is currently facing downward pressure, the underlying fundamentals and promoter confidence may provide a foundation for future recovery.