Why is Neogen Chemicals falling/rising?

As of 04-Aug, Neogen Chemicals Ltd's stock price is currently at Rs 1,452.50, reflecting a decline of Rs 87.3 or 5.67%. The stock has underperformed its sector by 6.25% today and has been on a downward trend, losing 6.89% over the past two days. It is also trading close to its 52-week low, just 3.79% above Rs 1,397.45. The stock has shown high volatility with an intraday fluctuation of 5.95%, and it is trading below all its moving averages. Furthermore, there has been a significant drop in investor participation, with delivery volume decreasing by 22.44% compared to the 5-day average. The company's high Debt to EBITDA ratio of 2.96 indicates a low ability to service debt, contributing to its negative performance, alongside a low Return on Equity of 9.58% and poor long-term growth prospects.
In the broader market context, Neogen Chemicals has underperformed against the Sensex, with a 1-week return of -6.71% compared to a slight increase of 0.16% for the index. Over the past year, the stock has generated a return of -11.97%, while the Sensex has remained relatively flat with a return of 0.05%. This consistent underperformance against the benchmark, coupled with negative financial results and a high valuation compared to its peers, suggests that investor sentiment is weak. The combination of these factors has led to a decline in the stock price, reflecting broader concerns about the company's financial health and growth potential.