Why is Hikal falling/rising?

As of 12-Sep, Hikal Ltd's stock price is currently at 258.90, reflecting a decrease of 1.15 or 0.44%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 1.86% during this period. Additionally, the stock has shown a significant year-to-date decline of 33.57%, and a one-year return of -34.95%, indicating ongoing struggles. Despite a recent increase in delivery volume by 156.39% against the five-day average, the stock is trading below its moving averages across multiple timeframes, suggesting weak momentum. The company's return on capital employed (ROCE) stands at 9.7, indicating an attractive valuation relative to its peers, but the stock's profits have decreased by 6.5% over the past year, contributing to its negative performance.
In the broader market context, Hikal's short-term performance has been notably poor compared to the benchmark, with a one-week return of -1.03% against the Sensex's gain of 1.48%. This consistent underperformance is further emphasized by the stock's negative returns over the last three years, where it has lagged behind the BSE500 in each annual period. The company's financial health is concerning, as evidenced by significant declines in profit before tax, profit after tax, and net sales compared to previous quarters. These factors collectively suggest that Hikal is facing challenges that are impacting investor confidence and leading to its declining stock price.