Why is Indoco Remedies falling/rising?

As of 06-Nov, Indoco Remedies Ltd is experiencing a decline in its stock price, currently at Rs 264.40, which represents a decrease of Rs 8.8 or 3.22%. The stock has been underperforming, having fallen consecutively for the last four days, with a total decline of 5.64% over the past week. Today's trading saw the stock reach an intraday high of Rs 285.6 but also dip to a low of Rs 262.8. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, the company has shown poor long-term growth, with operating profit declining significantly over the past five years, and institutional investors have reduced their stakes, reflecting a lack of confidence in the stock's fundamentals.
In the broader market context, the stock's performance has been notably worse than the benchmark, with a 1-week return of -5.64% compared to the Sensex's -1.30%. Over the past year, Indoco Remedies has generated a return of -16.08%, while the Sensex has gained 3.65%. This consistent underperformance against the benchmark, coupled with negative operating profits and a significant drop in institutional investor participation, suggests a challenging environment for the stock. The combination of these factors contributes to the ongoing decline in Indoco Remedies' stock price.