Why is NGL Fine Chem falling/rising?

As of 08-Jul, NGL Fine Chem Ltd's stock price is rising, currently at Rs 1,251.00, reflecting an increase of Rs 31.0 or 2.54%. The stock has shown strong performance today, outperforming its sector by 3.47%, with an intraday high of Rs 1,277 (up 4.67%) and a low of Rs 1,171.1 (down 4.01%). Over the past week, the stock has gained 8.83%, and in the last month, it has risen by 19.14%. However, it is important to note that the stock has experienced significant declines over the longer term, with a year-to-date drop of 30.50% and a one-year return of -48.79%. The company's low Debt to Equity ratio and fair valuation, indicated by a Price to Book Value of 2.7, suggest it is trading at a discount compared to peers, but its profits have fallen by 49.6% over the past year, contributing to the stock's volatility.
In the broader market context, while NGL Fine Chem's recent short-term performance has been positive, it has consistently underperformed against the benchmark Sensex, which has gained 7.13% year-to-date. The stock's recent gains may be attributed to a temporary rebound, but the long-term outlook remains concerning due to poor growth metrics, including a significant decline in operating profit and low returns on capital employed. Additionally, the lack of investment from domestic mutual funds, which hold 0% of the company, may indicate a lack of confidence in its future performance, further complicating its market position.