Why is Neogen Chemicals falling/rising?

As of 08-Aug, Neogen Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 1,417.10, which reflects a decrease of Rs 3.85 or 0.27%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of 2.47%. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 1.39% away from Rs 1,397.45. However, there has been a rise in investor participation, with delivery volume increasing by 36.28% compared to the 5-day average, suggesting some interest despite the overall negative performance. Unfortunately, the Positive and Negative Dashboard data is not available to provide further insights into the factors influencing the stock's movement.
In the broader market context, Neogen Chemicals has significantly underperformed compared to the Sensex, with a 1-week return of -7.83% against the benchmark's -0.92% and a 1-month return of -10.69% compared to -4.60% for the Sensex. Year-to-date, the stock has plummeted by 35.83%, while the Sensex has gained 2.20%. This stark contrast highlights the challenges faced by Neogen Chemicals in the current market environment, contributing to its declining stock price.