Why is Hikal falling/rising?

As of 29-Jul, Hikal Ltd's stock price is currently at 326.05, reflecting an increase of 2.45 (0.76%). Today's price summary indicates that the stock has gained after three consecutive days of decline, opening with a gain of 3.83% and reaching an intraday high of Rs 336. However, it is still trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant growth in net profit of 191.86% and attractive valuation metrics, the stock has underperformed its sector by 0.92% today and is close to its 52-week low, which may contribute to cautious investor sentiment.
In the broader market context, Hikal's short-term performance over the past week shows a decline of 3.12%, while the Sensex has decreased by only 1.03%, indicating a relative underperformance. Over the past year, Hikal has generated a return of -8.52%, contrasting sharply with the Sensex's minimal change of -0.02%. This consistent underperformance against the benchmark, coupled with a long-term growth rate of only 4.38% in net sales over the last five years, suggests that investors may be wary of the stock's future prospects despite recent positive earnings results.