Why is Narmada Agrobase falling/rising?

As of 09-Oct, Narmada Agrobase Ltd is experiencing a decline in its stock price, currently at Rs. 25.21, which represents a decrease of 2.31 (-8.39%). The stock has underperformed its sector by 7.67% today, following a trend reversal after two consecutive days of gains. Although the stock reached a new 52-week high of Rs. 28.39 earlier in the day, it has since fallen to its intraday low of Rs. 25.21, indicating high volatility with an intraday fluctuation of 6.33%. Over the past month, the stock has shown a strong performance with an 18.13% increase, significantly outpacing the Sensex's 1.32% gain. However, the recent drop suggests a correction after a period of strong performance, with rising investor participation reflected in a 1.38% increase in delivery volume against the 5-day average.
In the broader market context, Narmada Agrobase's short-term performance over the past week shows a gain of 1.08%, which is slightly lower than the Sensex's return of 1.47%. This indicates that while the stock has been performing well overall, it is currently facing pressure compared to the benchmark. The liquidity of the stock remains adequate for trading, as it is liquid enough for a trade size of Rs. 0.02 crore, which may help stabilize its price in the face of recent volatility. Overall, the combination of high volatility, recent profit-taking, and sector underperformance has contributed to the stock's current decline.