Why is Hikal falling/rising?

As of 04-Jul, Hikal Ltd's stock price is currently at 345.00, reflecting a decrease of 2.4, or 0.69%. The stock has underperformed its sector by 1.2% today and has experienced a trend reversal, falling after two consecutive days of gains. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, investor participation has declined significantly, with delivery volume dropping by 58.68% compared to the 5-day average. Over the past week, the stock has decreased by 4.55%, while it has fallen by 8.65% over the past month, contrasting with the Sensex, which has gained 3.01% during the same period.
In the broader market context, Hikal's recent performance is notably weaker than the benchmark, as it has underperformed the Sensex significantly in the short term. Despite a strong growth in net profit of 191.86% reported in March, which indicates positive fundamentals, the stock's price has not reflected this due to its recent price movements and declining investor interest. The stock is trading at a discount compared to its peers, and while it has generated a modest return of 2.42% over the past year, the overall negative sentiment and recent price declines suggest that investors are cautious.