Why is Nova Agritech falling/rising?

As of 07-Jul, Nova Agritech Ltd's stock price is currently at Rs 52.09, reflecting an increase of Rs 2.96 or 6.02%. The stock has shown a positive performance today, outperforming its sector by 7.02%, and has experienced consecutive gains over the last two days, accumulating a total return of 6.52% during this period. Despite this recent uptick, the stock has underperformed over the past year, with a decline of 22.18%, while its profits have also decreased by 3%. The company's strong ability to service debt, indicated by a low Debt to EBITDA ratio of 0.59 times, and an attractive valuation with a Return on Capital Employed (ROCE) of 16.7, may provide some support for the stock, but the overall trend remains concerning due to flat operating profits and consistent underperformance against benchmarks.
In the broader market context, Nova Agritech's short-term return of 3.54% over the past week contrasts sharply with the Sensex, which has seen a slight decline of 0.20%. While the stock has gained recently, it has still struggled significantly on a year-to-date basis, with a drop of 15.41% compared to the Sensex's increase of 6.79%. This indicates that, despite the recent positive movement, the stock's long-term outlook remains weak, particularly given its historical underperformance against the benchmark over the last three years.