Why is Hikal falling/rising?

As of 02-Jul, Hikal Ltd's stock price is currently at 346.25, reflecting a slight increase of 0.15 (0.04%). The stock has shown a trend reversal by gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short term. Despite this, there has been a notable increase in investor participation, with delivery volume rising by 462.97% compared to the 5-day average. Over the past week, the stock has decreased by 5.88%, and over the past month, it has fallen by 7.67%, while its year-to-date performance shows a decline of 11.16%. The company has reported strong financial results, including a 191.86% growth in net profit, which may support a more positive outlook despite the recent price movements.
In the broader market context, Hikal's short-term performance has lagged behind the benchmark Sensex, which has gained 0.79% over the past week and 2.50% over the past month. This underperformance may be contributing to the stock's price decline, as investors often compare individual stocks to market indices. However, the company’s attractive valuation, with a return on capital employed (ROCE) of 9.7 and a PEG ratio of 1.5, suggests that it may be undervalued compared to its peers. The positive financial results and the stock's trading at a discount to historical valuations may provide some support for future price recovery, but the current market sentiment appears cautious.