Why is Indoco Remedies falling/rising?

As of 30-Jun, Indoco Remedies Ltd is experiencing a price increase, currently at Rs 320.50, reflecting a rise of Rs 15.5 or 5.08%. The stock has shown strong performance recently, gaining 12.97% over the last four days and outperforming its sector by 4.39% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, despite this short-term gain, the company has faced significant challenges, including a poor long-term growth outlook with an annual operating profit decline of -177.42% over the past five years and negative results for the last ten consecutive quarters. These factors contribute to a perception of risk surrounding the stock, as it has consistently underperformed against benchmarks over the last three years.
In the broader market context, Indoco Remedies has outperformed the Sensex in the short term, with a 1-week return of +12.73% compared to the Sensex's +2.09%. However, the stock's year-to-date performance remains negative at -3.61%, contrasting sharply with the Sensex's +7.00%. This disparity highlights the stock's volatility and the challenges it faces in maintaining investor confidence amid its historical underperformance and negative operating profits. While recent trading activity suggests increased investor interest, the long-term outlook remains concerning, potentially impacting future price movements.