Why is Hikal falling/rising?

As of 24-Sep, Hikal Ltd's stock price is currently at 259.00, reflecting a decrease of 1.05, or 0.4%. The stock has been experiencing a downward trend, having fallen for the last three days with a total decline of 3.7% during this period. It has also underperformed significantly over the past year, with a return of -32.34%. Despite touching an intraday high of Rs 282.7, the stock is trading below all key moving averages, indicating a bearish sentiment. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 49.29% compared to the five-day average. While the stock is trading at a discount compared to its peers, its profits have declined by 6.5%, contributing to its negative performance.
In the broader market context, Hikal's short-term performance has been notably worse than the benchmark, as it has declined by 3.82% over the past week, while the Sensex has only fallen by 1.18%. This consistent underperformance against the benchmark over the last three years further highlights the stock's struggles. The company's poor long-term growth prospects, evidenced by a -2.51% annual rate of operating profit growth over the last five years, and a significant drop in PAT and net sales in the most recent quarter, suggest ongoing challenges. Overall, these factors contribute to a negative outlook for Hikal Ltd, reinforcing its status as a strong sell.