Why is Neogen Chemicals falling/rising?

As of 11-Aug, Neogen Chemicals Ltd's stock price is currently at Rs 1,448.50, reflecting an increase of Rs 31.4 or 2.22%. Despite this daily gain, the stock has shown a significant decline over the past month, down 8.53%, and a year-to-date drop of 34.41%. The stock is currently trading close to its 52-week low, just 3.52% above it, and has recently experienced a trend reversal after two consecutive days of decline. However, it is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has seen a substantial decrease in delivery volume, which fell by 75.17% against the 5-day average, suggesting reduced investor participation. The company also faces challenges, such as a high Debt to EBITDA ratio of 2.96 times and low profitability, as indicated by a Return on Equity of 9.58%.
In the broader market context, Neogen Chemicals has underperformed against the Sensex, which has gained 3.15% year-to-date, while Neogen has lost 34.41%. Over the past week, the stock has slightly outperformed the sector by 1.18%, but this is overshadowed by its consistent underperformance against the benchmark over the last three years. The stock's long-term growth prospects appear poor, with operating profit growth averaging only 15.27% over the last five years, and it has generated negative returns in the last year. This combination of factors contributes to a challenging outlook for the stock, despite the recent uptick in price.