Why is NGL Fine Chem falling/rising?

As of 04-Jul, NGL Fine Chem Ltd's stock price is currently at 1,232.00, reflecting an increase of 18.0, or 1.48%. The stock has shown strong performance recently, gaining 24.43% over the last 10 days and outperforming its sector by 0.97% today. However, despite this recent uptick, the stock has experienced a significant decline of 48.44% over the past year, with profits falling by 49.6%. The company has a low Debt to Equity ratio and is trading at a discount compared to its peers, but it has also shown poor long-term growth, with operating profit growing at an annual rate of only 14.38% over the last five years. Furthermore, negative results in the latest financial period, including a drastic decline in PAT and PBT, have contributed to a lack of confidence among domestic mutual funds, which hold no stake in the company.
In the broader market context, NGL Fine Chem's short-term return of 18.15% over the past week significantly outperforms the Sensex, which has declined by 0.74% during the same period. However, the stock's year-to-date performance remains concerning, with a decline of 31.56% compared to a 6.77% increase in the Sensex. This consistent underperformance against the benchmark over the last three years, coupled with the company's recent financial struggles, suggests that while there may be short-term gains, the long-term outlook remains bleak, leading to cautious sentiment among investors.