Why is Nova Agritech falling/rising?

As of 22-Jul, Nova Agritech Ltd's stock price is currently at Rs 61.90, reflecting an increase of Rs 1.5 or 2.48%. The stock has shown strong performance recently, outperforming its sector by 2.81% today and achieving a consecutive gain over the last three days, with an overall rise of 8.69% during this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a year-over-year return of -12.01%, 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 to its attractive valuation.
In the broader market context, Nova Agritech's short-term return of +12.83% over the past week significantly outperforms the Sensex, which has declined by 0.47% during the same period. This contrast highlights the stock's resilience amid a generally weak market. While the stock has faced challenges over the past year, with profits falling by 3%, the recent positive momentum and rising investor participation, evidenced by a 25.99% increase in delivery volume, suggest a growing confidence among investors, which may be driving the stock's upward movement.