Why is Nirman Agri falling/rising?

As of 22-Jul, Nirman Agri Genetics Ltd's stock price is currently at 168.05, reflecting an increase of 8.0, or 5.0%. Despite this positive movement today, the stock has underperformed in the longer term, with a 1-week return of -5.56% and a 1-month return of -17.09%. However, today's performance has outpaced the sector by 5.39%, and there has been a notable increase in investor participation, with delivery volume rising by 24.57% compared to the 5-day average. The company has shown strong financial metrics, including a high return on equity (ROE) of 25.43% and significant growth in net sales and operating profit, which may contribute to the stock's upward movement today.
In the broader market context, while Nirman Agri's stock has experienced a decline of -61.60% over the past year, the benchmark Sensex has only increased by 2.25% during the same period. This stark contrast highlights the stock's volatility and potential investor concerns. Despite the recent positive price movement, the stock remains below its moving averages across multiple time frames, indicating a longer-term bearish trend. The company's healthy growth metrics and attractive valuation may provide some support, but the overall performance relative to the benchmark suggests that investors remain cautious about its future prospects.