Why is Narmada Agrobase falling/rising?

As of 15-Oct, Narmada Agrobase Ltd is experiencing a decline in its stock price, currently at 24.09, reflecting a decrease of 0.75 or 3.02%. The stock has underperformed its sector by 4.19% today and has been on a downward trend for the last two days, accumulating a total loss of 5.12% during this period. Despite its positive performance over the past year, with a return of 42.97%, the stock's recent movement is influenced by a significant drop in investor participation, as evidenced by a 90.18% decrease in delivery volume compared to the five-day average. While the company has reported positive financial results over the last six quarters, including a 59.09% growth in profit after tax and a 25.42% increase in net sales, this has not translated into short-term price stability.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has declined by 12.46% over the past week while the Sensex has gained 1.02%. This divergence highlights the stock's current struggles despite its strong year-to-date performance of 13.31% compared to the Sensex's 5.72%. The stock's valuation remains attractive with a price-to-book value of 1.6, and it continues to trade at a discount relative to its peers. However, the combination of falling investor interest and recent price declines suggests that market sentiment may be weighing heavily on Narmada Agrobase Ltd's stock at this time.