Why is Neogen Chemicals falling/rising?

As of 01-Aug, Neogen Chemicals Ltd is experiencing a decline in its stock price, currently at 1,536.00, which represents a decrease of 24.0 or 1.54%. The stock has fallen after two consecutive days of gains, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. In the past week, the stock has underperformed with a return of -2.37%, compared to the Sensex's -1.06%. Additionally, the stock's performance over the last month shows a decline of 6.53%, while the benchmark has decreased by 3.70%. Factors contributing to this decline include a high Debt to EBITDA ratio of 2.96, indicating a low ability to service debt, and a Return on Equity of only 9.58%, suggesting low profitability. Furthermore, the company has shown poor long-term growth with an operating profit growth rate of just 15.50% over the past five years. In the broader market context, Neogen Chemicals' recent performance contrasts with the Sensex, which has shown a positive return of 3.15% year-to-date, while Neogen has declined by 30.45% in the same period. The chemicals sector has also faced challenges, with a decline of 2.02%. The stock's liquidity appears sufficient for trading, but a significant drop in delivery volume by 42.91% against the 5-day average indicates falling investor participation. The company's consistent underperformance against the benchmark over the last three years, coupled with a high PEG ratio of 3.9, further emphasizes the market's cautious sentiment towards Neogen Chemicals, leading to its current price decline.