Why is Indoco Remedies falling/rising?

As of 28-Jul, Indoco Remedies Ltd is experiencing a decline in its stock price, currently at 311.15, which reflects a decrease of 12.85 points or 3.97%. The stock has underperformed its sector today by 4.05%, marking its second consecutive day of losses with a total drop of 4.03% over this period. It opened lower today, down 2.18%, and reached an intraday low of Rs 308.65, indicating significant selling pressure. The stock's performance over the past week shows a slight decline of 1.41%, while it has gained 2.02% over the past month. However, the longer-term outlook remains troubling, with a year-to-date decline of 6.42% and a significant drop of 18.48% over the past three years. The company has faced negative operating profits and has reported poor financial results, including a 190.72% annual decline in operating profit over the last five years and negative results for the last 11 consecutive quarters, which have contributed to the stock's recent downturn.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 1.59% over the past week but a positive return of 3.52% year-to-date. This consistent underperformance against the benchmark highlights the challenges faced by Indoco Remedies Ltd, particularly as it has generated negative returns in each of the last three annual periods. The falling investor participation, with a significant drop in delivery volume, further indicates a lack of confidence among investors. Overall, the combination of poor financial performance, negative operating profits, and a lack of investor interest has led to the stock's decline in price.