Why is Hikal falling/rising?

As of 29-Aug, Hikal Ltd's stock price is currently at 255.35, reflecting an increase of 0.95 (0.37%). The stock has shown a slight upward movement today, reversing a trend of two consecutive days of decline. However, it is still trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. The stock is also close to its 52-week low, just 3.94% away from Rs 245.3. Despite a performance today that outperformed its sector by 0.34%, the stock has experienced significant declines over the past month (-21.68%) and year (-22.47%), with profits falling by 6.5%. The company's attractive valuation, with a return on capital employed (ROCE) of 9.7 and a low enterprise value to capital employed ratio, suggests it is trading at a discount compared to peers, but the overall poor long-term growth and significant declines in net sales and profit indicate underlying issues.
In the broader market context, Hikal's short-term return of +0.12% over the past week contrasts sharply with the Sensex, which has declined by -1.84% during the same period. This indicates that while Hikal is experiencing a minor rebound, it has consistently underperformed against the benchmark over the last three years, with a year-to-date decline of -34.48% compared to the Sensex's gain of +2.14%. The falling investor participation, evidenced by a 64.1% drop in delivery volume, further underscores the stock's struggles in attracting investor interest, despite its recent price increase.