Why is Indoco Remedies falling/rising?

As of 11-Jun, Indoco Remedies Ltd is experiencing a decline in its stock price, currently at 278.25, which reflects a decrease of 11.15 points or 3.85%. The stock has underperformed its sector by 4.71% today and has been on a consecutive downward trend for the last two days, with a total drop of 5.03%. It opened significantly lower, down 8.64%, and reached an intraday low of Rs 264.4. Over the past week, the stock has shown a negative return of 1.10%, while its performance over the last month has been relatively better at +15.22%. However, the long-term outlook remains bleak, with a staggering decline in operating profit and net profit over the past five years, leading to negative results for the last ten consecutive quarters. The stock is technically in a mildly bearish range, with bearish indicators such as MACD and KST, contributing to its recent price movement.
In the broader market context, the Sensex has shown a positive return of 1.87% over the past week, contrasting sharply with Indoco Remedies' negative performance. While the stock has outperformed the benchmark over the last month, it has consistently underperformed against the BSE 500 over the past three years, generating a return of -14.00% in the last year compared to the benchmark's +7.92%. The significant drop in investor participation, with delivery volume decreasing by 60.86% against the five-day average, further indicates a lack of confidence among investors. This combination of poor financial performance, negative market sentiment, and underwhelming trading activity has contributed to the stock's decline.