Why is Nirman Agri falling/rising?

As of 29-Jul, Nirman Agri Genetics Ltd is experiencing a decline in its stock price, currently at 155.65, which reflects a decrease of 8.15 or 4.98%. The stock has underperformed its sector by 5.37% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 7.38%, and in the last month, it has seen a significant decline of 21.19%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 17.2% compared to the 5-day average. Despite these negative trends, the company has demonstrated strong management efficiency, with a high return on equity (ROE) of 25.43%, and has reported positive growth in net sales and operating profit over the last several quarters.
In the broader market context, while the Sensex has only decreased by 0.96% over the past week, Nirman Agri's performance has been considerably worse, indicating a lack of investor confidence in the stock relative to the market. The stock's year-to-date performance shows a staggering decline of 60.38%, contrasting sharply with the Sensex's gain of 4.97%. Although the company has shown healthy long-term growth metrics, such as a 215.30% increase in net sales over the latest six months, the current market sentiment appears to be weighing heavily on the stock's price, leading to its continued decline.