Why is Indoco Remedies falling/rising?

As of 26-Jun, Indoco Remedies Ltd is experiencing a price increase, currently at 296.55, reflecting a rise of 4.05 or 1.38%. The stock has shown strong performance recently, outperforming its sector by 1.3% today and achieving a consecutive gain over the last two days with a total return of 4.53%. Additionally, the stock has performed well over the past week and month, with returns of 6.65% and 22.29%, respectively. However, despite these short-term gains, the company faces significant challenges, including a poor long-term growth outlook, as indicated by a staggering annual decline in operating profit of 177.42% over the last five years and negative results for the last ten consecutive quarters. The stock's risk profile is heightened by negative operating profits and a high debt-equity ratio, which may deter long-term investors.
In the broader market context, while Indoco Remedies has outperformed the Sensex in the short term, with a 1W return of 6.65% compared to the Sensex's 2.94%, it has consistently underperformed against the benchmark over the longer term. The stock has generated a negative return of 9.19% over the past year, contrasting sharply with the Sensex's positive return of 6.46%. This persistent underperformance, coupled with falling investor participation and liquidity concerns, suggests that while the stock may be experiencing a temporary rise, the underlying fundamentals remain weak, indicating potential risks for future performance.