Why is Indoco Remedies falling/rising?

As of 17-Jul, Indoco Remedies Ltd is currently priced at 337.95, reflecting a decrease of 1.05 (-0.31%). The stock has underperformed its sector by 0.73% today and has experienced a trend reversal after two consecutive days of gains. Despite reaching an intraday high of Rs 348.1, the stock's weighted average price indicates that more volume was traded closer to its low price. Over the past week, the stock has shown a return of +2.88%, while its performance over the last month is significantly stronger at +18.06%. However, 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. The stock has also reported negative results for the last ten consecutive quarters, contributing to its recent price decline.
In the broader market context, the stock's short-term performance has outpaced the Sensex, which has declined by 1.12% over the past week. However, the long-term outlook remains concerning, as Indoco Remedies has consistently underperformed against the benchmark over the last three years, with a return of -0.88% in the past year compared to the Sensex's +1.91%. The company's high debt-equity ratio and negative operating profits further exacerbate its risk profile, making it less attractive to investors despite recent increases in trading volume. Overall, the combination of short-term gains overshadowed by long-term financial struggles is contributing to the stock's current downward movement.