Why is NGL Fine Chem falling/rising?

As of 14-Jul, NGL Fine Chem Ltd's stock price is currently at Rs 1,308.00, reflecting a decrease of Rs 18.0 or 1.36%. The stock has recently underperformed its sector by 2.26% and has experienced a trend reversal, falling after four consecutive days of gains. It touched an intraday low of Rs 1,259.7, indicating a significant drop of 5%. Over the past week, the stock has shown a return of +7.21%, but it has a troubling year-to-date performance of -27.33% and a one-year return of -49.27%. The company's financial health is concerning, with a -91.86% growth in PAT over the last six months and a low ROCE of 8.37%. Additionally, domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its valuation and future prospects.
In the broader market context, while the Sensex has gained 1.40% over the past month, NGL Fine Chem's performance has been starkly negative, with a 25.16% increase in the last month overshadowed by its long-term decline. The stock has consistently underperformed against the benchmark over the last three years, generating -49.27% returns in the past year compared to the Sensex's +5.27%. This consistent underperformance, coupled with negative financial results and falling investor participation, indicates a challenging environment for NGL Fine Chem Ltd, contributing to its current price decline.