Why is NGL Fine Chem falling/rising?

As of 11-Jul, NGL Fine Chem Ltd's stock price is currently at Rs 1,326.00, reflecting a slight increase of 1.0 (0.08%). The stock has been on an upward trend, gaining for the last four days with a total return of 8.69% during this period. However, it underperformed its sector by 0.5% today. The stock reached an intraday high of Rs 1,370, but also saw a low of Rs 1,277. Despite the recent gains, the company has shown poor long-term growth with a significant decline in profits, as evidenced by a -91.86% growth in PAT over the last six months and a -44.70% return over the past year. The low debt-to-equity ratio is a positive aspect, but the overall financial performance raises concerns, particularly with domestic mutual funds holding no stake in the company, indicating a lack of confidence in its valuation.
In the broader market context, NGL Fine Chem's short-term performance has been notably better than the benchmark, with a 7.63% increase over the past week compared to a -1.12% decline in the Sensex. However, the stock's year-to-date performance is concerning, with a -26.33% return, contrasting sharply with the Sensex's +5.58% gain. This consistent underperformance against the benchmark over the last three years, coupled with a significant drop in profitability, suggests that while there may be short-term gains, the long-term outlook remains bleak, impacting investor sentiment and participation.