Why is NGL Fine Chem falling/rising?

As of 18-Jul, NGL Fine Chem Ltd's stock price is currently at Rs 1,361.70, reflecting a decline of Rs 47.2 or 3.35%. The stock has been underperforming, having lost 5.57% over the last two days and touching an intraday low of Rs 1,347.05. Despite a positive performance over the past week with a gain of 2.69%, the stock has significantly underperformed the benchmark Sensex, which has seen a decline of 0.90% in the same period. Additionally, the stock's long-term growth prospects appear poor, with a reported annual operating profit growth rate of only 14.38% over the last five years. The recent financial results indicate a substantial drop in profitability, with a PAT decline of 91.86% and a PBT fall of 83.64%, contributing to a negative sentiment around the stock.
In the broader market context, while the stock has shown a strong performance over the past month with a return of 35.76%, it has still underperformed the Sensex, which has gained only 0.38%. The stock's year-to-date performance is concerning, with a decline of 24.35%, contrasting sharply with the Sensex's increase of 4.63%. Furthermore, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's valuation and business prospects. This consistent underperformance against the benchmark over the last three years, combined with negative financial indicators, reinforces the stock's downward trend.