Why is Hikal falling/rising?

As of 03-Jul, Hikal Ltd's stock price is currently at 347.40, reflecting an increase of 1.15, or 0.33%. The stock has been gaining for the last two days, with a return of 0.38% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential weakness in momentum. Despite a recent decline of 8.24% over the past month, the company reported very positive results in March, with a net profit growth of 191.86% and a return on capital employed (ROCE) of 9.82%, which suggests strong financial health. The stock is also trading at a discount compared to its peers, which may attract investors looking for value.
In the broader market context, Hikal's performance over the past week shows a decline of 3.50%, while the benchmark Sensex has only decreased by 0.62%. This underperformance in the short term contrasts with the stock's 1-year return of 3.09%, which is slightly below the Sensex's 4.07% return. The rising investor participation, evidenced by a significant increase in delivery volume, suggests growing interest in the stock, which could support its price in the near term. Overall, while Hikal's recent gains are encouraging, its longer-term performance relative to the benchmark indicates a need for caution among investors.