Why is Neogen Chemicals falling/rising?

As of 15-Sep, Neogen Chemicals Ltd is experiencing a decline in its stock price, currently at 1,549.40, reflecting a decrease of 18.3 points or 1.17%. The stock has underperformed its sector by 1.75% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 2.61% during this period. Although the stock opened with a gain of 3.33% and reached an intraday high of Rs 1619.95, it has shown a significant drop in delivery volume, falling by 68.06% against the five-day average, indicating reduced investor participation. Additionally, the stock's performance over the past week shows a decline of 2.55%, while it has increased by 10.66% over the past month. However, the year-to-date performance remains concerning, with a drop of 29.84%, despite a modest annual return of 1.04%.
In the broader market context, the Sensex has increased by 1.24% over the past week and 1.47% over the past month, suggesting that Neogen Chemicals is lagging behind the overall market performance. The company's high Debt to EBITDA ratio of 2.96 times raises concerns about its ability to service debt, contributing to its negative outlook. Furthermore, the low Return on Equity of 9.58% and poor long-term growth, with operating profit growth at only 15.27% over the last five years, suggest underlying financial weaknesses. The recent negative results, including a significant drop in profit after tax and low operating profit to interest ratio, further exacerbate the stock's decline, leading to a perception of it being a strong sell despite high institutional holdings.