Why is Indoco Remedies falling/rising?

As of 03-Jul, Indoco Remedies Ltd's stock price is currently at 339.70, reflecting an increase of 16.35 or 5.06%. The stock has shown strong performance recently, gaining 8.62% over the last two days and outperforming its sector by 4.58% 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 recent uptick, the company has faced significant challenges, including a poor long-term growth trajectory 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. This underperformance is compounded by a high debt-equity ratio and consistently negative operating profits, which contribute to a perception of risk surrounding the stock.
In the broader market context, Indoco Remedies has outperformed the Sensex in the short term, with a 1-week return of +14.55% compared to the benchmark's -0.62%. However, over the longer term, the stock has struggled, with a 1-year return of -1.58% against the Sensex's +4.07% and a notable underperformance over the past three years. This consistent underperformance against the benchmark, coupled with the company's financial difficulties, creates a complex picture where short-term gains are overshadowed by long-term risks and challenges.