Why is Neogen Chemicals falling/rising?

As of 14-Aug, Neogen Chemicals Ltd is experiencing a decline in its stock price, currently at Rs. 1,400.10, which reflects a decrease of -0.9 or -0.06%. The stock has hit a new 52-week low of Rs. 1,395.25 today and has been on a consecutive downward trend for the last two days, resulting in a total drop of -3.51%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has also seen a significant drop in investor participation, with delivery volume falling by -25.93% compared to the 5-day average. Furthermore, the stock has underperformed against the benchmark Sensex, with a -12.10% return over the past month compared to a -2.01% decline for the index.
In the broader market context, Neogen Chemicals has consistently underperformed against the benchmark over the last three years, with a -13.68% return in the past year while the Sensex has gained +1.89%. The company's high Debt to EBITDA ratio of 2.96 times raises concerns about its ability to service debt, contributing to its negative performance. Despite having high institutional holdings at 30.32%, which suggests some level of confidence from larger investors, the company's low profitability, as indicated by a Return on Equity of 9.58%, and poor long-term growth prospects further exacerbate the stock's decline. Overall, the combination of weak financial metrics, declining investor interest, and consistent underperformance against the market has led to the stock's current downward trajectory.