Why is Biocon falling/rising?

As of 22-Jul, Biocon Ltd. is experiencing a decline in its stock price, currently at Rs 387.05, reflecting a decrease of Rs 7.45 or 1.89%. The stock has underperformed its sector today by 0.98% and has been on a consecutive downward trend for the last two days, with a total drop of 2.97%. Despite a strong performance over the past month with a return of 10.08%, the stock is currently 4.87% away from its 52-week high of Rs 405.9. Positive factors contributing to the stock's valuation include a high inventory turnover ratio and significant growth in profit after tax, while negative factors such as a high Debt to EBITDA ratio and low long-term growth potential may be weighing on investor sentiment.
In the broader market context, Biocon's short-term performance has been slightly worse than the benchmark, with a 1-week return of -0.81% compared to the Sensex's -0.47%. While the stock has outperformed the market over the past year with a return of 15.33% versus the Sensex's 2.09%, the recent decline may reflect concerns about its ability to service debt and the overall market conditions affecting investor confidence. The high institutional holdings indicate some level of confidence among larger investors, but the falling delivery volume suggests a decrease in retail investor participation, which could further contribute to the stock's downward movement.