Why is Nova Agritech falling/rising?

As of 15-Jul, Nova Agritech Ltd's stock price is currently at Rs 54.86, reflecting an increase of Rs 1.26 or 2.35%. Today, the stock opened with a gain of 2.22% and reached an intraday high of Rs 55.76, indicating positive momentum. However, despite this short-term rise, the stock has underperformed over the past year, generating a return of -18.39%. The company's ability to service debt is strong, with a low Debt to EBITDA ratio of 0.59 times, and it has an attractive valuation with a ROCE of 16.7. Nonetheless, the stock's long-term growth prospects appear poor, as evidenced by a significant decline in PAT and operating profit margins, alongside a lack of interest from domestic mutual funds, which hold no stake in the company.
In the broader market context, Nova Agritech's short-term performance of +0.27% over the past week contrasts sharply with the Sensex, which has declined by -1.36% during the same period. This indicates that the stock is performing relatively well compared to the benchmark in the short term. However, the stock's year-to-date performance remains concerning, with a decline of -10.91% compared to the Sensex's gain of +5.67%. The overall sentiment in the Pesticides & Agrochemicals sector has been positive, with a sector gain of 2.36%, but the falling investor participation, as indicated by a significant drop in delivery volume, raises concerns about sustained interest in the stock moving forward.