Why is Nova Agritech falling/rising?

As of 08-Sep, Nova Agritech Ltd is experiencing a decline in its stock price, currently at 52.00, which reflects a decrease of 0.5 or 0.95%. The stock has underperformed its sector today by 1.43%, and while it is higher than its 5-day, 20-day, and 100-day moving averages, it remains lower than its 50-day and 200-day moving averages. Over the past year, the stock has generated a return of -28.27%, significantly underperforming the broader market, which saw a decline of only 0.49%. The company has also seen a drop in investor participation, with delivery volume falling by 19.64% against the 5-day average, indicating reduced interest from investors. Despite a strong ability to service debt and an attractive valuation, the company's profits have decreased by 3%, contributing to the negative sentiment surrounding the stock.
Broader market context shows that Nova Agritech's performance has lagged behind the benchmark, with a year-to-date return of -15.56% compared to the Sensex's positive return of 3.39%. The stock's poor long-term growth prospects are highlighted by a significant drop in net sales and profit after tax in the most recent quarter, which fell by 36.4% and 52.6%, respectively, compared to previous averages. This underperformance in both the short and long term has led to a lack of confidence among investors, further exacerbating the stock's decline in value.