Why is NGL Fine Chem falling/rising?

As of 01-Jul, NGL Fine Chem Ltd's stock price is rising, currently at Rs 1,149.55, reflecting an increase of Rs 54.7 or 5.0%. The stock has shown strong performance today, outperforming its sector by 5.21% and achieving a consecutive gain over the last seven days, resulting in a total return of 16.1% during this period. It opened with a gain of 4.37% and reached an intraday high of Rs 1,149.55. Despite a significant decline of 50.52% over the past year, the stock is trading at a discount compared to its peers, and its low debt-to-equity ratio and fair valuation may be attracting investor interest. However, the company has faced challenges, including a 49.6% drop in profits and a consistent underperformance against benchmarks over the last three years.
In the broader market context, NGL Fine Chem's short-term return of 12.81% over the past week significantly outpaces the Sensex's return of 2.00% during the same period. While the stock has shown recent gains, it still reflects a negative year-to-date performance of -36.14% compared to the Sensex's positive return of 7.11%. The rising investor participation, indicated by a substantial increase in delivery volume, suggests growing interest, but the overall long-term growth concerns and low domestic mutual fund holdings may temper enthusiasm.