Why is Nova Agritech falling/rising?

As of 08-Jul, Nova Agritech Ltd's stock price is currently at Rs 54.71, reflecting an increase of Rs 2.62 or 5.03%. The stock has shown a strong performance today, outperforming its sector by 5.69% and achieving consecutive gains over the last three days, resulting in a total return of 11.88% during this period. Additionally, the stock has seen a significant rise in investor participation, with delivery volume increasing by 537.46% compared to the five-day average. Despite a year-to-date decline of 11.16% and a one-year return of -23.21%, the company maintains a strong ability to service its debt, evidenced 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.
In the broader market context, Nova Agritech's short-term return of +9.57% over the past week significantly outperformed the Sensex, which only increased by 0.02% during the same period. This indicates that the stock is gaining traction relative to the market, despite its longer-term struggles. The positive momentum in the stock's price may be attributed to improving investor sentiment and trading activity, which contrasts with the overall market performance. However, the stock's performance over the past year remains concerning, as it has underperformed the benchmark, which has gained 4.69% in the same timeframe.