Why is Neogen Chemicals falling/rising?

As of 18-Jul, Neogen Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 1,560.50, which reflects a decrease of Rs 42.8 or 2.67%. The stock has underperformed its sector by 1.64% today and has been on a consecutive downward trend for the last two days, accumulating a total drop of 3.49%. It reached an intraday low of Rs 1,535, indicating a significant decline of 4.26%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 25.27% compared to the 5-day average. The company's high Debt to EBITDA ratio of 2.96 times and low Return on Equity of 9.58% signal challenges in servicing debt and profitability, contributing to the stock's negative performance.
In the broader market context, Neogen Chemicals has underperformed the Sensex, with a 1-week return of -1.46% compared to the benchmark's -0.90%, and a year-to-date decline of 29.34% against the Sensex's gain of 4.63%. This underperformance is compounded by the company's flat results in recent quarters, including a drop in PAT and low EPS figures, which reflect poor long-term growth prospects. While the stock has a high institutional holding of 30.54%, indicating some level of confidence from larger investors, the overall sentiment remains cautious due to the company's financial metrics and recent performance trends.