Why is Hikal falling/rising?

As of 28-Aug, Hikal Ltd's stock price is currently at Rs 254.40, reflecting a decrease of -0.6 (-0.24%). The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of -0.72% during this period. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past month, the stock has experienced a significant drop of -21.38%, while its year-to-date performance shows a decline of -34.73%. Despite a recent increase in delivery volume by 82.62% against the 5-day average, the stock's overall performance has been hindered by a -6.5% decline in profits over the past year and a poor long-term growth outlook, with operating profit decreasing at an annual rate of -2.51% over the last five years.
In the broader market context, Hikal's short-term return of +0.16% over the past week contrasts sharply with the Sensex, which has declined by -2.34% during the same period. However, the stock's long-term performance remains concerning, as it has consistently underperformed against the benchmark, generating -22.91% returns over the past year compared to the Sensex's +2.48%. This consistent underperformance, coupled with a significant drop in net sales and profit after tax in the most recent quarter, suggests that investor confidence may be waning, contributing to the stock's current downward trajectory.