Why is Nova Agritech falling/rising?

As of 21-Jul, Nova Agritech Ltd's stock price is currently at 60.40, reflecting an increase of 1.4, or 2.37%. The stock has shown strong performance recently, gaining 6.06% over the last two days and outperforming its sector by 0.93% today. It opened with a gain of 2.02% and reached an intraday high of Rs 61.65, which is a 4.49% increase. Despite this positive movement, the stock has a year-to-date return of -1.92% and a one-year return of -13.12%, indicating a decline in profits by 3% over the past year. The company's low Debt to EBITDA ratio of 0.59 times and a return on capital employed (ROCE) of 16.7 suggest a strong ability to service debt, contributing positively to its valuation.
In the broader market context, Nova Agritech's recent short-term return of +12.69% over the past week contrasts sharply with the Sensex, which has remained nearly flat at -0.06%. This indicates that while the stock is experiencing a rise, the overall market is not showing significant movement. However, the stock's performance over the longer term has been less favorable compared to the benchmark, with a one-year decline of -13.12% against the Sensex's gain of 1.98%. Additionally, there has been a decline in investor participation, with delivery volume falling by 6.78% against the five-day average, which could impact future price movements.