Why is NGL Fine Chem falling/rising?

As of 23-Sep, NGL Fine Chem Ltd's stock price is currently at 1,456.55, reflecting an increase of 38.55 (2.72%). The stock has shown a positive trend recently, gaining for the last four consecutive days and achieving a total return of 7.53% during this period. Additionally, it has outperformed its sector by 3.07% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, the company has faced challenges, including negative results for the last three consecutive quarters, a significant decline in profit after tax, and low return on capital employed, which may contribute to investor caution despite the recent price increase.
In the broader market context, NGL Fine Chem's short-term performance has been favorable compared to the benchmark, as it has gained 1.62% over the past week while the Sensex has declined by 0.34%. Despite this, the stock has underperformed over the longer term, with a year-to-date decline of 19.08% compared to a 5.07% increase in the benchmark. The lack of domestic mutual fund investment, which indicates potential concerns about the company's valuation and growth prospects, further complicates its market position. Overall, while the stock is experiencing a short-term rise, underlying financial challenges and market sentiment may continue to impact its long-term performance.