Why is Nova Agritech falling/rising?

As of 05-Sep, Nova Agritech Ltd's stock price is currently at 52.50, reflecting an increase of 1.02 or 1.98%. The stock has shown a performance today that outperformed its sector by 3.01%, indicating a positive shift after three consecutive days of decline. In the past week, the stock has gained 3.35%, although it has experienced a decline of 1.98% over the past month and a significant drop of 28.33% over the past year. The company has a low Debt to EBITDA ratio of 0.59 times, showcasing its strong ability to service debt, and an attractive valuation with a return on capital employed (ROCE) of 16.7. However, the stock's negative performance over the last year, coupled with a 36.4% drop in net sales and a 52.6% fall in profit after tax in the most recent quarter, raises concerns about its long-term growth potential.
Broader market context indicates that while Nova Agritech has outperformed the Sensex by a notable margin in the short term, it has underperformed the market significantly over the past year, with a return of -28.33% compared to the Sensex's -1.81%. The stock's recent upward movement may be attributed to rising investor participation, as evidenced by a 29.34% increase in delivery volume against the five-day average, suggesting renewed interest. Despite this, the broader market has shown resilience, with the Sensex gaining 3.29% year-to-date, contrasting with Nova Agritech's substantial decline. This juxtaposition highlights the challenges the company faces in regaining investor confidence amidst its recent financial struggles.