Why is Indoco Remedies falling/rising?

As of 16-Jul, Indoco Remedies Ltd's stock price is currently at 339.00, reflecting an increase of 5.95 (1.79%). The stock has shown a positive performance today, having outperformed its sector by 2.06% and gaining 6.17% over the last two days. Despite opening with a loss of 2.09%, it reached an intraday high of Rs 347.75, indicating some volatility. However, the stock has been under pressure due to a significant decline in delivery volume, which fell by 48.51% against the 5-day average. Additionally, the company has reported negative operating profits over the last ten consecutive quarters, with a concerning annual growth rate of -177.42% in operating profit over the past five years, contributing to its overall risk profile.
In the broader market context, Indoco Remedies has outperformed the Sensex over the past week, with a return of 1.19% compared to the benchmark's decline of 1.08%. However, the stock's longer-term performance has been less favorable, with a 1.95% return year-to-date, lagging behind the Sensex's 5.75% increase. The stock has consistently underperformed against the benchmark over the last three years, which may contribute to investor caution despite the recent uptick in price. Overall, while there are short-term gains, the long-term outlook remains challenging due to persistent negative financial results and underperformance relative to broader market indices.