Why is Indoco Remedies falling/rising?

As of 01-Jul, Indoco Remedies Ltd is experiencing a decline in its stock price, currently at Rs 312.75, which reflects a decrease of Rs 7.75 or 2.42%. The stock has underperformed its sector by 2.21% today and has seen a trend reversal after four consecutive days of gains. It reached an intraday low of Rs 310.1, indicating a drop of 3.24%. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a positive return of 10.24%, but it has underperformed against the benchmark Sensex over the longer term, with a year-to-date return of -5.94% compared to the Sensex's 7.11%. The company has also reported negative results for the last ten consecutive quarters, with significant declines in operating profit and a high debt-equity ratio, contributing to its perception as a risky investment.
In the broader market context, while Indoco Remedies has performed well in the short term with a 10.24% increase over the past week, it has consistently underperformed against the benchmark over the last three years, generating a return of -5.51% compared to the Sensex's positive performance. This consistent underperformance, coupled with poor long-term growth prospects and negative operating profits, suggests that investor sentiment may be cautious, leading to the recent decline in stock price. The rising investor participation, indicated by a significant increase in delivery volume, may not be sufficient to offset the negative outlook stemming from the company's financial challenges.