Why is Hikal falling/rising?

As of 04-Sep, Hikal Ltd's stock price is currently at 260.35, reflecting a decrease of 7.35, or 2.75%. The stock has been underperforming, having fallen consecutively for the last two days, with a total decline of 3.52% during this period. Today's trading saw the stock touch an intraday low of Rs 258.9, and the volume traded was significantly lower than average, indicating a drop in investor participation. Over the past month, the stock has experienced a substantial decline of 17.20%, while its year-to-date performance shows a decrease of 33.20%. Despite an attractive valuation with a return on capital employed (ROCE) of 9.7, the stock's profits have fallen by 6.5%, contributing to its negative momentum.
In the broader market context, Hikal's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has only declined by 0.37% over the past month. The stock's long-term growth prospects appear poor, with operating profit declining at an annual rate of 2.51% over the last five years. Additionally, the stock has consistently underperformed against the BSE500 in the last three years, generating a return of -23.27% in the past year. These factors, combined with significant drops in profit before tax and net sales, suggest that Hikal is facing considerable challenges, leading to its current downward price movement.