Why is Nova Agritech falling/rising?

As of 17-Jul, Nova Agritech Ltd's stock price is currently at Rs 56.95, reflecting a decrease of Rs 1.7 or 2.9%. Today's price summary indicates that the stock has underperformed its sector by 4.37% and opened with a loss of 2.81%. It reached an intraday low of Rs 56.3, which is a drop of 4.01%. Despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, the stock has shown a trend reversal after two consecutive days of gains. Over the past year, the stock has generated a return of -15.14%, with profits declining by 3%. The company's low Debt to EBITDA ratio of 0.59 times suggests a strong ability to service debt, but the flat operating profit growth and poor long-term growth prospects contribute to the stock's recent decline.
In the broader market context, Nova Agritech's short-term performance has been relatively better than the benchmark, with a 1-week return of +7.05% compared to the Sensex's -1.12%. However, the stock has consistently underperformed against the benchmark over the last three years, which may deter investor confidence. The lack of domestic mutual fund investment, which stands at 0%, indicates a potential lack of comfort with the stock's valuation or business prospects. Overall, while there are some positive indicators, such as rising investor participation, the negative factors surrounding the company's growth and performance have led to the current downward movement in its stock price.