Why is Hikal falling/rising?

As of 18-Aug, Hikal Ltd's stock price is currently at Rs 257.65, reflecting an increase of Rs 7.5 or 3.0%. Today's performance indicates a trend reversal as the stock has gained after seven consecutive days of decline, opening with a gain of 5.54% and reaching an intraday high of Rs 264.15. Despite this positive movement, the stock has underperformed significantly over the past week and month, with returns of -4.22% and -25.17%, respectively. The stock is also trading close to its 52-week low, just 3.9% away from Rs 247.6. While the stock's valuation appears attractive with a return on capital employed (ROCE) of 9.7 and a lower enterprise value compared to peers, it has faced challenges with a -6.5% decline in profits over the past year and a consistent underperformance against the benchmark.
Broader Market Context: In comparison to the benchmark, Hikal Ltd has struggled, with a year-to-date return of -33.89% against the Sensex's +4.01%. This consistent underperformance highlights the stock's difficulties in gaining traction in the market, despite today's positive movement. The broader market context shows that while the stock has seen a temporary uptick, its long-term growth prospects remain concerning, particularly with a decline in operating profit over the last five years and a significant drop in profit after tax in the most recent quarter.