Why is Indoco Remedies falling/rising?

As of 07-Jul, Indoco Remedies Ltd is experiencing a decline in its stock price, currently at Rs 328.00, which represents a decrease of Rs 8.8 or 2.61%. The stock has underperformed its sector by 2.53% today and has been on a downward trend for the last two days, accumulating a total loss of 3.44%. Despite a positive performance over the past month with a return of 19.69%, the stock has shown a year-to-date decline of 1.35% and a significant drop of 5.34% over the past year. The company has faced challenges, including negative operating profits and a poor long-term growth outlook, with operating profit declining at an annual rate of 177.42% over the last five years. Additionally, the stock has been trading at risky valuations, with negative results reported for the last ten consecutive quarters.
In the broader market context, the Sensex has shown a slight decline of 0.20% over the past week, while Indoco Remedies has managed a positive return of 2.34% in the same period. However, the stock's performance has been consistently below the benchmark over the last three years, indicating a trend of underperformance. The falling investor participation, as evidenced by a 15.3% drop in delivery volume, further suggests a lack of confidence among investors. Overall, while the stock has had some short-term gains, the persistent negative financial indicators and underperformance against benchmarks contribute to its current decline.