Why is NGL Fine Chem falling/rising?

As of 07-Jul, NGL Fine Chem Ltd's stock price is currently at 1,220.00, reflecting a decrease of 12.0 points or 0.97%. The stock has recently experienced a trend reversal, falling after ten consecutive days of gains, and opened the day with a significant loss of 4.59%, touching an intraday low of Rs 1,175.4. In terms of performance, the stock has underperformed its sector by 0.89% today. Over the past week, it has shown a return of +11.43%, but it has significantly underperformed the benchmark over the past year with a return of -50.58%. The company's low debt-to-equity ratio and fair valuation, indicated by a Price to Book Value of 2.7, suggest some financial stability; however, the stock's profits have fallen by 49.6% over the past year, contributing to its recent decline.
In the broader market context, while the Sensex has gained 1.53% over the past month, NGL Fine Chem's stock has risen by 16.19% in the same period, indicating a short-term outperformance. However, the stock's long-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years, with domestic mutual funds holding no stake, which may reflect a lack of confidence in the company's prospects. The negative results reported for the latest six months, including a dramatic decline in profit after tax and a low return on capital employed, further exacerbate the stock's downward pressure, suggesting that investors are cautious about its future growth potential.