Why is NGL Fine Chem falling/rising?

As of 02-Sep, NGL Fine Chem Ltd is currently priced at 1,445.90, reflecting a decrease of 25.05 points or 1.7%. The stock has underperformed its sector today by 1.63% and has experienced a trend reversal, falling after two consecutive days of gains. It reached an intraday low of Rs 1411, which represents a decline of 4.08%. Despite this drop, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer timeframe. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 190.98% against the 5-day average, suggesting heightened interest in the stock. However, there are no specific positive or negative factors available to further explain the recent price movement.
In the broader market context, NGL Fine Chem's short-term performance shows a 1-week return of +1.00%, which contrasts with the Sensex's decline of -0.78% during the same period. This indicates that while the stock has performed relatively well in the short term compared to the benchmark, its year-to-date performance remains concerning, with a decline of 19.67% against the Sensex's gain of 2.58%. Overall, the stock's recent decline can be attributed to a combination of short-term volatility and its underperformance relative to both the sector and the broader market.