Why is NGL Fine Chem falling/rising?

As of 09-Jul, NGL Fine Chem Ltd's stock price is currently at Rs 1,270.00, reflecting an increase of Rs 19.0 or 1.52%. The stock has shown a positive trend recently, gaining 4.1% over the last two days and outperforming its sector by 1.32% today. Over the past week, the stock has risen by 6.72%, and over the past month, it has increased by 19.59%. However, despite these short-term gains, the stock has experienced significant declines over the longer term, with a year-to-date drop of 29.44% and a one-year decline of 47.67%. The company has a low Debt to Equity ratio and is trading at a discount compared to its peers, but it has also faced challenges, including a substantial decrease in profits and consistent underperformance against benchmarks over the past three years.
In the broader market context, while NGL Fine Chem's short-term performance has been strong, it has lagged behind the Sensex, which has only increased by 0.15% over the past week and 1.32% over the past month. This indicates that while the stock is currently gaining, it has not kept pace with the overall market trends in the longer term. The lack of investment from domestic mutual funds may also reflect concerns about the company's long-term growth prospects, as evidenced by its poor operating profit growth and significant declines in profit after tax and return on capital employed. Overall, while the stock is experiencing a short-term rise, the long-term outlook remains uncertain due to its historical underperformance and declining financial metrics.