Why is Neogen Chemicals falling/rising?

As of 17-Nov, Neogen Chemicals Ltd's stock price is currently at Rs 1,342.50, reflecting an increase of Rs 125.3 or 10.29%. The stock has shown a performance today that outperformed its sector by 9.94%, reaching an intraday high of Rs 1,342.50. However, despite this positive movement, the stock has experienced a decline of 7.83% over the past month and a significant drop of 39.21% year-to-date. 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, the company has reported negative results for the last two consecutive quarters, with a substantial decline in profit after tax and operating profit to interest ratio at its lowest.
In the broader market context, Neogen Chemicals has outperformed the Sensex in the short term, with a 1-week return of 2.46% compared to the Sensex's 1.69%. However, the stock has underperformed significantly over longer periods, with a 1-year return of -32.73% against the Sensex's 9.50%. This underperformance, combined with falling investor participation and a high institutional holding of 30.38%, suggests that while there may be short-term gains, the long-term outlook remains concerning due to poor growth prospects and financial metrics.