Why is Neogen Chemicals falling/rising?

As of 31-Jul, Neogen Chemicals Ltd is currently priced at 1,560.00, reflecting an increase of 9.75 or 0.63%. The stock has shown a slight recovery, gaining 0.71% over the last two days, although it opened the day down by 2.23% and reached an intraday low of Rs 1,515.65. Despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 29.36% and a 1-month drop of 5.07%. The company's high Debt to EBITDA ratio of 2.96 times indicates a low ability to service debt, and its return on equity of 9.58% suggests low profitability. Additionally, the stock's performance has been hindered by flat results in March, with a decrease in profit after tax and a low earnings per share figure. However, the high institutional holdings at 30.32% may provide some support, as these investors typically have better resources to analyze the company's fundamentals.
In the broader market context, Neogen Chemicals has outperformed its sector by 1.69% today, but its recent performance remains concerning compared to the benchmark Sensex, which has seen a 3.90% increase year-to-date. The stock's performance over the last year has been negative at -6.48%, contrasting sharply with the Sensex's slight decline of 0.68%. This underperformance is compounded by the company's poor long-term growth prospects, with operating profit growing at an annual rate of only 15.50% over the last five years. Overall, while there are signs of short-term recovery, the stock's long-term challenges and recent financial results contribute to a cautious outlook.