Why is Indoco Remedies falling/rising?

As of 12-Aug, Indoco Remedies Ltd's stock price is currently at Rs 294.15, reflecting a rise of 10.55 (3.72%). Today's performance indicates that the stock has outperformed its sector by 3.34%, reaching an intraday high of Rs 294.2. However, despite this positive movement, the stock has shown a decline of 1.74% over the past week and 9.44% over the past month. The company has high institutional holdings at 20.18%, which suggests that these investors may have better insights into the company's fundamentals. Nonetheless, the stock faces significant challenges, including poor long-term growth, negative operating profits, and a consistent underperformance against benchmarks over the last three years.
In the broader market context, while Indoco Remedies has outperformed its sector today, it has underperformed the Sensex by 1.15% over the past week and 6.69% over the past month. The stock's performance is concerning given its negative returns of -10.76% over the past year, coupled with a significant decline in profits of -263.6%. The company's negative results over the last 11 consecutive quarters and a low return on capital employed (ROCE) further highlight the risks associated with this stock. Overall, while there is a short-term uptick in price, the long-term outlook remains bleak, contributing to the stock's volatility and investor caution.