Why is Hikal falling/rising?

As of 23-Sep, Hikal Ltd's stock price is currently at 260.15, reflecting a decrease of 2.6, or 0.99%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.27% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 2.78%, while it has shown a more significant decline of 32.25% over the past year. Despite having an attractive valuation with a return on capital employed (ROCE) of 9.7 and trading at a discount compared to peers, the stock's profits have decreased by 6.5%, contributing to its negative performance.
Broader market context shows that Hikal's recent performance is notably weaker than the benchmark, with the Sensex only declining by 0.34% over the same week. The stock's liquidity is adequate for trading, but there has been a significant drop in delivery volume, which fell by 24.23% against the five-day average. This decline in investor participation, coupled with poor long-term growth indicators such as a -2.51% annual operating profit growth over the last five years and a substantial drop in profit after tax, suggests a lack of confidence among investors. Overall, Hikal's consistent underperformance against the benchmark and deteriorating financial metrics are key factors driving its recent price decline.