Why is Nova Agritech falling/rising?

As of 29-Jul, Nova Agritech Ltd's stock price is rising, currently at Rs 58.94, reflecting an increase of Rs 2.84 or 5.06%. The stock has shown a trend reversal, gaining after four consecutive days of decline. It outperformed its sector by 3.03% today, although it has a mixed performance over the past week, down 4.78%, while it has increased by 19.55% over the past month. Despite a significant drop of 27.18% over the past year, the company's strong ability to service debt, indicated 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, may contribute positively to investor sentiment.
In the broader market context, the Sensex has decreased by 1.03% over the past week, indicating that Nova Agritech's short-term performance is relatively better than the benchmark. However, the stock's year-to-date performance remains negative at -4.29%, contrasting with the Sensex's positive return of 4.09%. The sector of Pesticides & Agrochemicals has gained by 2.02%, which may also support the stock's upward movement today. Despite a decline in investor participation, as evidenced by a 53.89% drop in delivery volume, the stock's liquidity remains sufficient for trading, suggesting that there is still interest among investors.