Why is Neogen Chemicals falling/rising?

As of 12-Sep, Neogen Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 1,567.70, which reflects a decrease of Rs 20.9 or 1.32%. The stock has underperformed its sector by 2.2% today and has been on a downward trend for the last two days, accumulating a total loss of 1.46%. The stock reached an intraday low of Rs 1,551.4, indicating significant selling pressure. Despite a positive performance over the past week and month, with returns of 5.21% and 9.05% respectively, the year-to-date performance shows a substantial decline of 29.02%. The company faces challenges such as a high Debt to EBITDA ratio of 2.96 times, indicating a low ability to service debt, and a Return on Equity of only 9.58%, suggesting low profitability. Additionally, recent negative financial results, including a drop in operating profit and profit after tax, further contribute to the stock's downward movement.
In the broader market context, Neogen Chemicals' short-term performance has outpaced the benchmark Sensex over the past week and month, but it has significantly underperformed year-to-date, where the Sensex has gained 4.82%. The stock's liquidity appears to be adequate, but a notable decline in delivery volume by 35.93% against the five-day average suggests waning investor interest. The company's high institutional holdings at 30.32% indicate that more informed investors are involved, yet the overall sentiment remains negative due to the company's poor long-term growth prospects and high valuation metrics.