Why is Nova Agritech falling/rising?

As of 30-Jul, Nova Agritech Ltd's stock price is currently at Rs 56.30, reflecting a decline of Rs 2.64 or 4.48%. The stock has underperformed its sector by 4.95% today, with an intraday low of Rs 56.1, indicating a significant drop. Over the past week, the stock has decreased by 6.60%, and year-to-date, it has fallen by 8.57%. Despite a positive return of 11.91% over the past month, the stock's performance over the last year shows a substantial decline of 30.49%. The company's ability to service debt remains strong, evidenced by a low Debt to EBITDA ratio of 0.59 times, and it has an attractive valuation with a Return on Capital Employed (ROCE) of 16.7. However, the stock's profits have decreased by 3% over the past year, contributing to the negative sentiment surrounding its recent price movement.
In the broader market context, the Sensex has experienced a decline of 1.50% over the past week, which indicates that while Nova Agritech is underperforming relative to the benchmark, the overall market is also facing downward pressure. The stock's liquidity appears adequate for trading, but there has been a notable decrease in investor participation, with delivery volume falling by 31.58% against the 5-day average. This lack of interest may further exacerbate the stock's decline, as it struggles to attract buyers amidst a challenging market environment.