Why is NGL Fine Chem falling/rising?

As of 23-Jul, NGL Fine Chem Ltd is currently priced at 1,278.60, reflecting an increase of 2.45 (0.19%). The stock has recently shown a trend reversal, gaining after four consecutive days of decline. However, it has underperformed its sector by 0.32% today. Over the past week, the stock has experienced a significant decline of 11.33%, despite a strong monthly performance of 27.86%. The company's financial health is concerning, with a low Debt to Equity ratio but poor long-term growth, as evidenced by a 91.86% drop in PAT over the last six months and a 49.6% decrease in profits over the past year. Additionally, domestic mutual funds hold no stake in the company, indicating a lack of confidence in its valuation.
In the broader market context, while the Sensex has increased by 0.11% over the past week, NGL Fine Chem's substantial decline highlights its consistent underperformance against the benchmark, particularly over the last three years. The stock's liquidity remains adequate for trading, but falling investor participation, as indicated by a 19.39% drop in delivery volume, suggests waning interest. Despite the stock trading at a discount compared to its peers, the overall negative financial results and the lack of institutional support contribute to its ongoing struggles in the market.