Why is NGL Fine Chem falling/rising?

As of 05-Sep, NGL Fine Chem Ltd's stock price is currently at Rs 1,503.00, reflecting an increase of Rs 23.0 or 1.55%. The stock has shown a positive performance today, outperforming its sector by 1.62%, and has been on a consecutive gain streak for the last three days, accumulating a total return of 3.95% during this period. However, despite this recent uptick, the company has faced significant challenges, including negative results for the last three consecutive quarters and a substantial decline in profits, which have fallen by 50.4% over the past year. The stock's long-term growth prospects appear poor, with an operating profit growth rate of only 6.29% over the last five years, and a low return on capital employed (ROCE) of 8.37%. Additionally, the stock's valuation seems expensive with a price-to-book value of 3.3, which may deter potential investors.
In the broader market context, NGL Fine Chem's short-term return of 6.67% over the past week significantly outpaces the Sensex's return of 1.13% during the same period. However, the stock has underperformed the market over the last year, with a return of -32.31% compared to the Sensex's decline of only -1.81%. This stark contrast highlights the stock's struggles relative to the broader market, suggesting that while there may be short-term gains, the long-term outlook remains concerning, particularly given the lack of domestic mutual fund investment and the company's ongoing financial difficulties.