Why is Neogen Chemicals falling/rising?

As of 16-Sep, Neogen Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 1,537.00, which reflects a decrease of Rs 12.4 or 0.8%. The stock has been underperforming recently, having fallen for four consecutive days, resulting in a total decline of 3.39% during this period. Additionally, the stock's performance over the past week shows a decrease of 1.89%, while it has gained 9.78% over the past month. However, it has significantly underperformed on a year-to-date basis with a decline of 30.41%. The company faces challenges such as a high Debt to EBITDA ratio of 2.96 times, indicating low ability to service debt, and a Return on Equity of only 9.58%, suggesting low profitability. Furthermore, recent negative financial results have contributed to a lack of investor confidence, reflected in a sharp drop in delivery volume by 78.23% against the five-day average.
In the broader market context, the Sensex has shown a positive return of 1.58% over the past week and 2.21% over the past month, contrasting with Neogen Chemicals' recent performance. This underperformance is further highlighted by the stock's negative returns over the past year and its inability to keep pace with the benchmark indices. The company's high institutional holdings of 30.32% may provide some stability; however, the overall sentiment remains cautious due to the company's poor long-term growth prospects and high valuation metrics.