Why is Biocon falling/rising?

As of 30-Jul, Biocon Ltd. is currently priced at Rs 397.30, reflecting a decrease of 1.0 (-0.25%). The stock is trading 2.16% away from its 52-week high of Rs 405.9. Despite today's underperformance against its sector by -0.59%, Biocon has shown positive momentum in the past month with an increase of 11.59%, while the stock has generated a return of 10.55% over the past year, significantly outperforming the broader market, which has seen negative returns of -2.34%. The company benefits from a high inventory turnover ratio and strong operating profit metrics, but it faces challenges with a high debt-to-EBITDA ratio and declining profits over the past year.
In the broader market context, Biocon's performance contrasts with the Sensex, which has declined by 1.50% over the past week. While the stock has been able to maintain a positive trajectory in the short term, the overall market sentiment appears to be negative, contributing to the stock's slight decline today. The rising investor participation, indicated by a significant increase in delivery volume, suggests that there is still interest in the stock despite its current price drop. However, the company's high debt levels and low profitability metrics may be causing caution among investors, impacting its price movement.