Why is Neogen Chemicals falling/rising?

As of 07-Aug, Neogen Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 1,420.95, which reflects a decrease of Rs 32.05 or 2.21%. The stock has underperformed today, opening with a loss of 2.96% and reaching an intraday low of Rs 1,401, which is just 1.65% away from its 52-week low. Over the past week, the stock has dropped by 8.91%, and it has also shown significant declines over the past month and year-to-date, with returns of -11.82% and -35.66%, respectively. Additionally, Neogen Chemicals is trading below all its moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 272.26% on August 5 compared to the 5-day average, suggesting some interest despite the price decline.
In the broader market context, Neogen Chemicals' performance has been significantly worse than the benchmark Sensex, which has only declined by 0.69% over the past week. The stock's year-to-date performance is particularly concerning, as it has fallen by 35.66% while the Sensex has gained 3.18%. This stark contrast highlights the challenges Neogen Chemicals is facing relative to the overall market. While the stock's liquidity appears sufficient for trading, the lack of positive factors in the dashboard suggests that there are no immediate catalysts to reverse the current downward trend.