Why is Hikal falling/rising?

As of 11-Sep, Hikal Ltd's stock price is currently at 260.05, reflecting a decrease of 1.35, or 0.52%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 1.25%. In terms of returns, Hikal has shown a negative performance of -0.12% over the past week and -3.43% over the past month, significantly lagging behind the Sensex, which has gained 1.03% and 1.17% respectively. The stock's liquidity appears adequate, but there is a notable decline in investor participation, as evidenced by a 7.69% drop in delivery volume compared to the five-day average. Furthermore, the company has reported a poor long-term growth outlook, with operating profit declining at an annual rate of -2.51% over the last five years, and its profits have decreased by 6.5% over the past year.
In the broader market context, Hikal's performance has consistently underperformed against the benchmark, with a staggering -32.43% return over the last year compared to a modest 4.36% gain in the Sensex year-to-date. This trend of underperformance extends over the last three years, indicating a persistent struggle for the stock to keep pace with market averages. The company's financial metrics, including a significant drop in profit before tax and net sales, further contribute to the negative sentiment surrounding the stock. Overall, the combination of declining investor interest, poor financial performance, and consistent underperformance relative to the benchmark suggests a challenging environment for Hikal Ltd.