Why is Hikal falling/rising?

As of 21-Aug, Hikal Ltd's stock price is currently at Rs 254.00, reflecting a decrease of Rs 4.65, or 1.8%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 3.42%. It is also trading close to its 52-week low, just 2.52% above Rs 247.6. The stock's performance over the past month shows a significant drop of 24.87%, while it has generated a return of -22.37% over the past year, indicating consistent underperformance compared to the benchmark. Additionally, the stock's operating profit has declined at an annual rate of -2.51% over the last five years, and its profits have fallen by 6.5% in the past year, contributing to a negative sentiment among investors.
In the broader market context, Hikal's short-term performance has lagged behind the Sensex, which has gained 1.74% over the past week while Hikal's stock has increased by only 1.54%. This underperformance is further highlighted by the stock's liquidity issues, with a notable drop in delivery volume of 22.67% against the five-day average. The stock's valuation appears attractive with a 1.9 enterprise value to capital employed, yet the persistent decline in profits and the lowest operating profit to interest ratio at 1.47 times raise concerns about its long-term growth prospects. Overall, the combination of poor recent performance, declining investor participation, and negative financial indicators suggests a challenging outlook for Hikal Ltd.