Why is Indoco Remedies falling/rising?

As of 25-Jun, Indoco Remedies Ltd's stock price is currently at Rs 292.50, reflecting an increase of Rs 8.8 or 3.1%. Today's price summary indicates that the stock has outperformed its sector by 2.05% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock reached an intraday high of Rs 294.25, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite this recent uptick, the company has reported negative results for the last ten consecutive quarters, with a significant decline in operating profit and a concerning debt-equity ratio, which raises questions about its long-term growth potential.
In the broader market context, Indoco Remedies has shown a 3.38% increase over the past week, outperforming the Sensex, which rose by 1.61% during the same period. However, the stock has underperformed against the benchmark over the longer term, with a year-to-date decline of 12.03% compared to the Sensex's gain of 5.91%. This consistent underperformance, coupled with negative operating profits and a high debt-equity ratio, suggests that while there may be short-term gains, the overall outlook for the stock remains risky and uncertain.