Why is Indoco Remedies falling/rising?

As of 10-Jul, Indoco Remedies Ltd is experiencing a decline in its stock price, currently at Rs 328.50, reflecting a decrease of Rs 6.5 or 1.94%. Today's price summary indicates that the stock has underperformed its sector by 1.37%, with an intraday low of Rs 321.95, marking a drop of 3.9%. The stock's performance over the past week shows a decline of 3.30%, while it has seen a modest increase of 13.51% over the past month. However, the long-term outlook remains bleak, with a significant annual operating profit decline of 177.42% over the last five years and negative results reported for the last ten consecutive quarters, contributing to the stock's recent downward movement.
In the broader market context, the stock's short-term performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has only seen a slight decline of 0.06% over the past week. The stock's liquidity remains adequate for trading, but a notable drop in delivery volume by 34.95% against the five-day average suggests waning investor interest. The consistent underperformance against the benchmark over the last three years, coupled with negative operating profits and a return of -0.83% over the past year, further underscores the challenges facing Indoco Remedies Ltd in the current market environment.