Why is Hikal falling/rising?

As of 26-Aug, Hikal Ltd's stock price is currently at Rs 255.00, reflecting a decrease of Rs 1.25 or 0.49%. The stock has shown a significant decline over the past month, with a return of -23.65%, and has underperformed the benchmark Sensex, which has only fallen by -0.83% during the same period. Today's performance indicates that the stock is close to its 52-week low, just 3.8% away from Rs 245.3, and has fallen after two consecutive days of gains. Additionally, Hikal is trading below its moving averages across various time frames, which suggests a bearish trend. Despite a recent increase in investor participation, with delivery volume rising by 35.36%, the stock's fundamentals remain weak, as indicated by a significant drop in profit after tax and net sales compared to previous quarters.
In the broader market context, Hikal's performance has been notably poor compared to the Sensex, particularly over the last three years, where it has consistently underperformed, generating -21.48% returns against the benchmark's positive performance. The company's long-term growth prospects appear bleak, with operating profit declining at an annual rate of -2.51% over the last five years. Although the stock is trading at a discount compared to its peers, the negative financial indicators, including a substantial fall in profits and sales, contribute to a lack of investor confidence, leading to its current downward price movement.