Why is Indoco Remedies falling/rising?

As of 27-Jun, Indoco Remedies Ltd's stock price is currently at 305.00, reflecting an increase of 8.45 (2.85%). The stock has been gaining for the last three days, with a total return of 7.51% during this period. It has outperformed its sector by 1.97% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite this recent positive momentum, the company has declared negative results for the last ten consecutive quarters, with operating profit declining significantly. The stock's long-term growth prospects appear poor, as evidenced by an annual operating profit growth rate of -177.42% over the past five years and a negative return of -5.32% over the last year, indicating consistent underperformance against benchmarks.
In the broader market context, Indoco Remedies has shown a short-term return of +7.02% over the past week, which is significantly higher than the Sensex's +2.00% return during the same period. However, the stock's year-to-date performance remains negative at -8.27%, contrasting with the Sensex's positive return of +7.58%. This disparity highlights the stock's struggle to maintain momentum in the face of poor long-term financial health and consistent underperformance against broader market indices over the last three years. The rising investor participation and liquidity may provide some support for the stock, but the underlying negative operating profits and high debt-equity ratio suggest that caution is warranted.