Why is IVP falling/rising?

As of 29-Jul, IVP Ltd's stock price is currently at Rs 189.05, reflecting a decrease of 1.15 (-0.6%). Despite this decline, the stock has shown some positive momentum recently, having gained 3.42% over the last two days and outperforming its sector by 2.08% today. The stock reached an intraday high of Rs 194.95, indicating some intraday volatility. However, it is important to note that the stock has underperformed over the past year with a return of -7.01%, and its profits have decreased by 7.9%. The company's operating profit has grown at a healthy annual rate of 42.85%, but its return on capital employed (ROCE) is relatively low at 8, which may contribute to investor concerns.
In the broader market context, IVP Ltd's short-term performance has been better than the benchmark, with a 1-week return of +1.75% compared to the Sensex's -1.03%. However, the stock has consistently underperformed against the benchmark over the last three years, which may weigh on investor sentiment. Additionally, the falling investor participation, as indicated by a 26.76% decrease in delivery volume, suggests a lack of confidence among traders. Overall, while there are some positive indicators regarding the company's long-term growth potential, the recent price decline and underperformance against benchmarks may lead to cautious sentiment among investors.