Why is Nirman Agri falling/rising?

As of 10-Jul, Nirman Agri Genetics Ltd is experiencing a decline in its stock price, currently at Rs. 176.95, which reflects a decrease of Rs. 7.55 or 4.09%. The stock has hit a new 52-week low of Rs. 175.3 today and has underperformed its sector by 3.31%. Over the past week, the stock has fallen by 8.01%, and its year-to-date performance shows a significant decline of 54.96%. Despite these negative trends, the company has demonstrated high management efficiency with a return on equity (ROE) of 25.43% and a low debt-to-equity ratio, indicating a stable financial position. Additionally, the company has reported impressive growth in net sales and operating profit, with net sales increasing at an annual rate of 159.80% and a positive performance over the last four quarters.
In the broader market context, while Nirman Agri's stock has declined significantly, the benchmark Sensex has only decreased by 0.20% over the past week and has gained 7.23% year-to-date. This stark contrast highlights the underperformance of Nirman Agri relative to the market. The stock's liquidity appears adequate, with a delivery volume increase of 12.27% against the five-day average, suggesting some investor interest despite the falling price. Overall, the combination of poor short-term returns compared to the benchmark and the recent price drop indicates that investor sentiment may be cautious, even as the company shows strong fundamentals in terms of growth and efficiency.