Why is NGL Fine Chem falling/rising?

As of 28-Aug, NGL Fine Chem Ltd is experiencing a decline in its stock price, currently at Rs 1,367.40, which reflects a decrease of Rs 64.2 or 4.48%. The stock has underperformed its sector by 3.64% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 1,367.40, and while it is trading above the 20-day, 50-day, and 100-day moving averages, it is below the 5-day and 200-day moving averages. Over the past week, the stock has decreased by 3.16%, and its year-to-date performance shows a significant decline of 24.03%. The company has reported negative results for the last three consecutive quarters, with a 54.60% drop in profit after tax over the latest six months, contributing to a poor long-term growth outlook.
In the broader market context, the stock's performance has been notably worse than the benchmark, with a one-year return of -37.64% compared to the Sensex's -2.08%. This stark contrast indicates that while the market has faced challenges, NGL Fine Chem's decline has been more pronounced. Additionally, the company's low debt-to-equity ratio and liquidity suggest some stability, but the lack of domestic mutual fund investment signals a lack of confidence among institutional investors. The overall negative sentiment surrounding the stock, driven by declining profits and poor operating performance, has led to its current downward trajectory.