Why is Narmada Agrobase falling/rising?

As of 23-Sep, Narmada Agrobase Ltd is experiencing a decline in its stock price, currently at 23.81, which represents a decrease of 0.31 or 1.29%. The stock has been underperforming recently, having fallen for the last three consecutive days, resulting in a total decline of 3.41% during this period. Despite this recent downturn, the stock has shown positive performance over longer periods, with a 1-week return of 4.89%, a 1-month return of 9.62%, and a year-to-date increase of 11.99%. However, there has been a notable drop in investor participation, with delivery volume falling by 53.15% compared to the 5-day average, which may indicate reduced interest or confidence among investors.
In the broader market context, while Narmada Agrobase has underperformed its sector by 1.45% today, it has outperformed the Sensex over various time frames, including a 1-year return of 24.01% compared to the Sensex's decline of 3.33%. This suggests that, despite the recent price drop, the stock has been resilient in the face of broader market challenges. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value. Overall, while the stock is currently facing downward pressure, its historical performance indicates a stronger long-term outlook compared to the benchmark.