Why is Indoco Remedies falling/rising?

As of 02-Jul, Indoco Remedies Ltd's stock price is currently at 323.35, reflecting an increase of 10.6 or 3.39%. The stock has shown strong performance today, outperforming its sector by 3.31% and reaching an intraday high of Rs 326.5, which is a 4.4% rise. Over the past week, the stock has gained 10.55%, and in the last month, it has increased by 24.44%. However, despite this recent uptick, the company has faced significant challenges, including a poor long-term growth outlook with operating profit declining at an annual rate of -177.42% over the past five years and negative results for the last ten consecutive quarters. The stock's risk profile is concerning, as it has consistently underperformed against benchmarks over the last three years, generating a return of -6.42% in the past year while profits have fallen by -182.2%.
In the broader market context, Indoco Remedies' short-term performance has significantly outpaced the Sensex, which has only increased by 0.79% over the past week and 2.50% over the past month. While the stock's recent gains may attract investor interest, the underlying financial health of the company raises red flags, particularly with a debt-equity ratio of 0.97 times and negative operating profits. This combination of short-term gains against a backdrop of long-term struggles suggests that while the stock is currently rising, it remains a risky investment due to its historical underperformance and ongoing financial difficulties.