Why is Indoco Remedies falling/rising?

As of 09-Jul, Indoco Remedies Ltd's stock price is currently at 335.00, reflecting an increase of 9.2 points, or 2.82%. Today's price summary indicates that the stock has outperformed its sector by 2.62% and has experienced a trend reversal, gaining after three consecutive days of decline. Despite opening with a loss of 2.23%, the stock reached an intraday high of Rs 335. However, it is important to note that the stock has shown poor long-term growth, with operating profit declining at an annual rate of -177.42% over the last five years, and has reported negative results for the last ten consecutive quarters. This consistent underperformance, particularly against the benchmark over the last three years, has contributed to its recent price movements.
In the broader market context, Indoco Remedies has demonstrated a short-term return of +3.60% over the past week, significantly outperforming the Sensex, which only gained 0.15% in the same period. However, the stock's year-to-date return of +0.75% is notably lower than the Sensex's +6.91%, indicating a struggle to keep pace with the broader market. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume suggests falling investor participation, which may hinder future price stability. Overall, while there are short-term gains, the long-term negative financial indicators and underperformance against benchmarks raise concerns about the stock's sustainability.