Why is Neogen Chemicals falling/rising?

As of 13-Aug, Neogen Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 1,401.00, which reflects a decrease of Rs 50.0 or 3.45%. The stock has underperformed its sector by 5.43% today and is close to its 52-week low, just 0.25% away from Rs 1,397.45. Over the past week, the stock has dropped by 3.58%, and its year-to-date performance shows a significant decline of 36.56%. The company has a high Debt to EBITDA ratio of 2.96 times, indicating a low ability to service debt, and its Return on Equity stands at a modest 9.58%. Additionally, the company has reported negative results, with a decrease in both profit before tax and profit after tax compared to previous quarters, contributing to a perception of poor long-term growth.
In the broader market context, while Neogen Chemicals has seen a substantial decline, the benchmark Sensex has remained relatively stable, with only a slight decrease of 0.01% over the past week. The chemicals sector overall has gained by 2.06%, highlighting Neogen's underperformance in comparison to its peers. The stock's consistent underperformance against the benchmark over the last three years, coupled with a high PEG ratio of 6.1, suggests that investors are cautious about its future growth prospects. Furthermore, a significant drop in delivery volume indicates falling investor participation, which may further pressure the stock price.