Why is Indoco Remedies falling/rising?

As of 15-Jul, Indoco Remedies Ltd's stock price is rising, currently at 333.05, reflecting an increase of 13.75 or 4.31%. The stock has shown a positive trend today, gaining after three consecutive days of decline. It outperformed its sector by 3.06% and reached an intraday high of Rs 333.05. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite the recent uptick, the company has faced significant challenges, including a poor long-term growth outlook with an annual operating profit decline of -177.42% over the last five years and negative results for the last ten consecutive quarters. The stock is considered risky due to negative operating profits and a high debt-equity ratio of 0.97 times.
In the broader market context, Indoco Remedies has outperformed the Sensex in the short term, with a 1-week return of +2.23% compared to the benchmark's -1.36%. While the stock has shown some positive movement recently, it still lags behind in longer-term performance, with a year-to-date return of only +0.17% against the Sensex's +5.67%. The company's struggles with profitability and high debt levels may contribute to investor caution, despite the recent price increase and rising investor participation indicated by a significant rise in delivery volume.