Why is Bharat Parenter. falling/rising?

As of 11-Nov, Bharat Parenterals Ltd's stock price is currently at Rs 1,097.35, reflecting a decline of Rs 59.45 or 5.14%. The stock has been on a downward trend, having lost 10.23% over the past week and 14.27% over the past month. Despite opening with a gain of 2.83% today and reaching an intraday high of Rs 1,189.5, it has since fallen to a low of Rs 1,071.05. The stock has been highly volatile, with an intraday volatility of 5.24%, and it is trading below all key moving averages. While there was a notable increase in delivery volume, the overall sentiment remains negative due to weak long-term fundamentals, including a significant decline in operating profits and low profitability as indicated by a return on equity of only 8.64%.
In the broader market context, Bharat Parenterals has underperformed significantly compared to the benchmark Sensex, which has gained 0.49% over the past week while the stock has dropped 10.23%. Over the last year, the stock has generated a return of -24.53%, contrasting sharply with the market's positive return of 5.50%. This underperformance, coupled with the lack of investment from domestic mutual funds, suggests a lack of confidence in the company's prospects, further contributing to the stock's decline. The recent positive quarterly results, while noteworthy, have not been sufficient to offset the negative sentiment surrounding the company's long-term growth potential and profitability issues.