Why is Indoco Remedies falling/rising?

As of 08-Aug, Indoco Remedies Ltd's stock price is currently at 292.85, reflecting an increase of 10.05 or 3.55%. The stock has shown a trend reversal, gaining after six consecutive days of decline. Today, it outperformed its sector by 4.71% and reached an intraday high of Rs 299, indicating a positive shift in investor sentiment. Despite a negative performance over the past week and month, where the stock fell by 5.35% and 10.11% respectively, the recent rise in delivery volume by 120.16% against the 5-day average suggests increased investor participation. However, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
In the broader market context, the stock's performance over the past week has been notably worse than the benchmark Sensex, which declined by only 0.92% during the same period. Over the past month, Indoco Remedies has underperformed the Sensex, which fell by 4.60%. This indicates that while the stock is experiencing a short-term rebound, its longer-term performance remains weak compared to the overall market. The stock's year-to-date performance is also concerning, with a decline of 11.92% compared to the Sensex's gain of 2.20%, highlighting ongoing challenges for Indoco Remedies in the current market environment.