Why is Indoco Remedies falling/rising?

As of 29-Jul, Indoco Remedies Ltd is experiencing a price increase, currently at Rs 320.60, reflecting a rise of 9.45 (3.04%). The stock has shown a positive trend today, outperforming its sector by 1.63% and reversing a two-day decline. Over the past week, the stock has gained 2.97%, while it has increased by 5.11% over the past month. However, despite this recent uptick, the stock has faced significant challenges, including a poor long-term growth outlook with operating profits declining at an annual rate of -190.72% over the last five years. The company has reported negative results for 11 consecutive quarters, with a substantial drop in both profit before tax and profit after tax compared to previous averages, indicating ongoing financial struggles.
In the broader market context, while Indoco Remedies has shown some short-term gains, it has consistently underperformed against the benchmark, with a return of -2.76% over the past year compared to a slight decline of -0.02% for the Sensex. The stock's performance over the last three years has been particularly concerning, with a decline of 17.09% compared to a 41.28% rise in the benchmark. This consistent underperformance, coupled with falling investor participation and negative operating profits, suggests that while there may be short-term fluctuations, the long-term outlook remains challenging for Indoco Remedies.