Why is NGL Fine Chem falling/rising?

As of 10-Jul, NGL Fine Chem Ltd's stock price is currently at Rs 1,325.00, reflecting an increase of Rs 55.0 or 4.33%. The stock has shown a positive trend recently, gaining 8.61% over the last three days and outperforming its sector by 4.9% today. However, it opened the day with a loss of 4.61% and has traded within a wide range, indicating volatility. Despite the recent gains, the stock has underperformed significantly over the longer term, with a year-to-date decline of 26.39% and a one-year return of -45.17%. The company's financial health is concerning, with a substantial drop in profits and a low return on equity, which may deter investor confidence.
In the broader market context, NGL Fine Chem's short-term performance contrasts sharply with the benchmark, as it has gained 9.14% over the past week while the Sensex has remained nearly flat at -0.06%. This suggests that the stock's recent rise may be driven by specific factors related to the company rather than overall market trends. However, the long-term outlook remains bleak, with consistent underperformance against the benchmark over the last three years and a lack of interest from domestic mutual funds, indicating potential investor apprehension regarding the company's future prospects.