Why is Indoco Remedies falling/rising?

As of 15-Sep, Indoco Remedies Ltd's stock price is currently at Rs 294.20, reflecting a decrease of Rs 4.6 or 1.54%. The stock has been underperforming, having fallen for the last two days with a total decline of 5.19%. Despite opening with a gain of 2.84% today and reaching an intraday high of Rs 307.3, it also touched a low of Rs 292.25. Over the past week, the stock has shown a positive return of 6.44%, but it has significantly underperformed in the long term, with a year-to-date return of -11.52% and a one-year return of -21.08%. The company has consistently reported negative results, with operating profits declining by 29.36%, and it has declared negative results for the last 11 consecutive quarters, contributing to its recent price drop.
In the broader market context, while the Sensex has gained 1.24% over the past week, Indoco Remedies' performance has lagged behind, indicating a lack of investor confidence. The stock's high institutional holdings at 20.18% suggest that knowledgeable investors are aware of the company's poor long-term growth prospects, as evidenced by an annual operating profit decline of 190.72% over the last five years. This consistent underperformance against the benchmark, coupled with a significant drop in delivery volume and negative operating profits, paints a concerning picture for the stock's future, reinforcing the reasons for its current decline.