Why is Nirman Agri falling/rising?

As of 18-Jul, Nirman Agri Genetics Ltd is experiencing a decline in its stock price, currently at Rs. 153.00, which represents a decrease of 8.05 (-5.0%). The stock has hit a new 52-week low today and has underperformed its sector by 2.98%. Over the past week, the stock has fallen by 14.19%, and its year-to-date performance shows a significant drop of 61.06%. Despite these declines, the company has demonstrated high management efficiency with a return on equity (ROE) of 25.43% and a low debt-to-equity ratio. Additionally, the company has reported strong growth in net sales and operating profit, with a healthy annual growth rate of 159.80% and 96.40%, respectively. However, the stock's performance has been poor over the past year, generating a return of -61.55%, despite a 143% increase in profits, indicating a disconnect between stock price and underlying financial performance.
In the broader market context, the Sensex has only declined by 0.72% over the past week, highlighting that Nirman Agri's short-term performance is significantly worse than the benchmark. This underperformance is further emphasized by the stock trading below all its moving averages, indicating a bearish trend. While there has been a rise in investor participation, with delivery volume increasing by 16.37% against the 5-day average, the overall sentiment remains negative as the stock continues to struggle against broader market conditions. The company's attractive valuation with a price-to-book ratio of 1.1 and a low PEG ratio of 0.1 suggests potential for recovery, but current market dynamics and recent price movements indicate continued challenges ahead.