Why is NGL Fine Chem falling/rising?

As of 03-Jul, NGL Fine Chem Ltd is experiencing a price increase, currently at Rs 1,214.00, reflecting a rise of Rs 24.0 or 2.02%. The stock has shown strong performance recently, gaining 22.61% over the last nine days and outperforming its sector by 1.54% today. Despite a significant decline of 48.43% over the past year, the stock has outperformed the benchmark Sensex in the short term, with a 17.84% increase over the past week compared to a decline of 0.62% in the Sensex. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, indicating positive momentum. However, it is still below its 200-day moving average, suggesting some long-term challenges. The company has a low debt-to-equity ratio and is trading at a discount compared to its peers, but its profits have significantly declined, which could be a concern for investors. In the broader market context, NGL Fine Chem's recent performance contrasts sharply with its long-term trajectory, as it has consistently underperformed against the benchmark over the last three years. While the stock has shown positive short-term returns, its year-to-date performance remains negative at -32.56%, indicating ongoing challenges. The lack of investment from domestic mutual funds, which hold 0% of the company, may reflect a lack of confidence in its long-term growth potential. Additionally, the company's operating profit growth has been weak, and recent financial results have shown significant declines in profitability, which could hinder investor sentiment despite the recent price increase.