Why is Indoco Remedies falling/rising?

As of 31-Jul, Indoco Remedies Ltd is experiencing a decline in its stock price, currently at Rs 317.00, which represents a decrease of Rs 7.05 or 2.18%. Today's performance indicates that the stock has underperformed its sector by 0.69%, and it has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 316, reflecting a decline of 2.48%. Over the past week, the stock has decreased by 2.22%, while it has shown a slight increase of 1.36% over the past month. However, the stock has significantly underperformed over the longer term, with a year-to-date decline of 4.66% and a three-year drop of 18.02%. The company has high institutional holdings at 20.18%, but it faces challenges due to poor long-term growth, negative operating profits, and a consistent record of negative results over the last 11 quarters.
In the broader market context, the Sensex has decreased by 1.22% over the past week, indicating that while Indoco Remedies is also falling, it is underperforming relative to the benchmark. The stock's liquidity is adequate for trading, but the delivery volume has seen a significant drop of 51.28% compared to the five-day average, suggesting a decrease in investor interest. The company's negative operating profit growth and a substantial decline in profits over the past year further contribute to the stock's downward pressure, indicating that investor sentiment remains cautious amid ongoing financial struggles.