Why is NGL Fine Chem falling/rising?

As of 16-Jul, NGL Fine Chem Ltd's stock price is rising, currently at Rs 1,442.05, reflecting an increase of Rs 68.65 or 5.0%. The stock has shown strong performance recently, with a consecutive gain over the last two days, resulting in a total return of 10.25% during this period. It opened with a gain of 3.39% today and reached an intraday high of Rs 1,442.05. Additionally, the stock has outperformed its sector by 5.27%. However, despite these short-term gains, the company has faced significant challenges, including a poor long-term growth outlook with a -91.86% decline in PAT over the last six months and a -49.6% drop in profits over the past year. Furthermore, the stock's low debt-to-equity ratio and the lack of domestic mutual fund investment may indicate underlying concerns about its valuation and business stability.
In the broader market context, NGL Fine Chem's short-term return of +13.55% over the past week contrasts sharply with the Sensex, which has declined by -1.08% during the same period. This indicates that the stock is gaining traction relative to the broader market. However, it is important to note that the stock has underperformed against the benchmark over the longer term, with a -47.08% return in the last year compared to the Sensex's +2.38%. This consistent underperformance over the past three years highlights the challenges the company faces, despite its recent price increase.