Why is Indoco Remedies falling/rising?

As of 12-Sep, Indoco Remedies Ltd is experiencing a decline in its stock price, currently at Rs 298.80, which represents a decrease of Rs 11.5 or 3.71%. Today's price summary indicates that the stock underperformed its sector by 4%, with an intraday high of Rs 318.05 and a low of Rs 296.05. The stock has shown a positive return of 9.95% over the past week, but it has significantly underperformed over the longer term, with a year-to-date decline of 10.14% and a one-year drop of 19.77%. The company has faced negative operating profits and has reported poor financial results for the last 11 consecutive quarters, which has contributed to its recent price movement. Additionally, while there is high institutional holding at 20.18%, indicating some level of confidence, the overall negative growth in operating profit and consistent underperformance against benchmarks raises concerns for investors.
In the broader market context, the Sensex has shown a modest gain of 1.48% over the past week, while Indoco Remedies has outperformed this benchmark in the short term but lags significantly in the longer term. The stock's performance over the past three years has been particularly poor, with a decline of 18.54% compared to a 36.25% gain in the benchmark. This consistent underperformance, coupled with the company's negative financial results and high interest expenses, suggests a challenging environment for the stock, leading to its current downward trend.