Why is Nirman Agri falling/rising?

As of 08-Jul, Nirman Agri Genetics Ltd is experiencing a decline in its stock price, currently at Rs 184.00, which reflects a decrease of Rs 5.65 or 2.98%. The stock has underperformed significantly, with a 1-week return of -6.00% and a 1-month return of -18.51%. Additionally, it is trading lower than all its moving averages, indicating a bearish trend. The stock is also close to its 52-week low, just 3.78% away from Rs 177.05. Despite these negative indicators, the company has shown strong management efficiency with a high return on equity (ROE) of 25.43% and has reported impressive growth in net sales and operating profit over the past six months, which may provide some support to the stock's valuation.
In the broader market context, the Sensex has remained relatively stable with a slight decline of only 0.08% over the past week, contrasting sharply with Nirman Agri's poor performance. While the company has declared positive results for the last four consecutive quarters, the stock's year-to-date return of -53.17% highlights a significant divergence from the benchmark's positive return of 7.94%. This underperformance suggests that investor sentiment towards Nirman Agri may be influenced by broader market conditions or specific concerns regarding the company's future growth potential, despite its strong financial metrics.