Why is Nirman Agri falling/rising?

As of 16-Jul, Nirman Agri Genetics Ltd is experiencing a decline in its stock price, currently at Rs. 169.45, which reflects a decrease of Rs. 8.5 or 4.78%. The stock has recently hit a new 52-week low of Rs. 169.05 and is underperforming its sector by 4.31%. Over the past week, the stock has fallen by 8.16%, and it has shown a significant decline of 20.48% over the past month. Despite the drop, there has been a notable increase in investor participation, with delivery volume rising by 93.13% against the 5-day average. The company has demonstrated strong management efficiency with a high return on equity (ROE) of 25.43% and a low debt-to-equity ratio, indicating a healthy financial position. However, the stock's performance has been poor over the past year, with a return of -57.42%, despite profits increasing by 143%.
In the broader market context, the Sensex has shown a slight decline of 1.04% over the past week, while Nirman Agri's performance has been significantly worse. The stock's year-to-date performance is down 56.87%, contrasting sharply with the Sensex's gain of 6.63%. This stark difference highlights the challenges faced by Nirman Agri in the current market environment. Although the company has reported positive results consistently over the last four quarters, the overall market sentiment and the stock's underperformance relative to the benchmark suggest that investors may be cautious, leading to the recent price decline.