Why is IVP falling/rising?

As of 25-Jul, IVP Ltd's stock price is currently at Rs 188.50, reflecting a decline of Rs 7.5 or 3.83%. Today's price movement indicates a trend reversal, as the stock has fallen after two consecutive days of gains. Although it opened with a gain of 4.57% and reached an intraday high of Rs 204.95, it also touched a low of Rs 188.25 during the day, showcasing high volatility with an intraday fluctuation of 5.52%. Over the past week, the stock has slightly outperformed the benchmark Sensex, with a return of +0.05% compared to the Sensex's -0.36%. However, the stock has underperformed in the longer term, with a year-to-date return of -9.98% against the Sensex's +4.25%. The company's operating profit has shown healthy long-term growth, but recent performance has been hindered by a decline in profits and consistent underperformance against benchmarks.
Broader Market Context: The stock's recent decline can be attributed to its flat results for the March quarter, with a significant drop in profit after tax and the lowest return on capital employed in recent history. Despite a healthy long-term growth rate of 42.85% in operating profit, the stock has generated a return of -3.33% over the past year, indicating ongoing challenges. The stock's valuation remains attractive compared to peers, but the consistent underperformance against the benchmark over the last three years raises concerns among investors. This context, combined with the stock's volatility and recent trend reversal, suggests that while there may be potential for recovery, the current sentiment is leaning towards caution.