Why is Neogen Chemicals falling/rising?

As of 26-Aug, Neogen Chemicals Ltd is experiencing a slight decline in its stock price, currently at Rs 1,438.35, down by 1.65 points or 0.11%. The stock has shown a mixed performance recently, with a 1-week return of +0.55%, but a significant 1-month decline of -8.58%. Today, the stock reached an intraday high of Rs 1,469.1 but also touched a low of Rs 1,406.1, indicating volatility. The stock is currently close to its 52-week low, just 3% away from Rs 1,395.25. Additionally, the company has high institutional holdings at 30.32%, which may provide some stability; however, the overall sentiment is affected by a high Debt to EBITDA ratio of 2.96 times and low profitability, as indicated by a Return on Equity of 9.58%. The recent negative financial results, including a drop in operating profit and profit after tax, further contribute to the stock's downward pressure.
In the broader market context, Neogen Chemicals has underperformed against the benchmark, with a year-to-date return of -34.87% compared to the Sensex's +3.39%. This consistent underperformance over the last three years, coupled with a decline in investor participation and liquidity issues, suggests a lack of confidence among investors. While the stock outperformed its sector by 1.76% today, the overall trend remains negative, indicating that the broader market conditions and the company's financial health are weighing heavily on its stock price.