Why is Lupin falling/rising?

As of 04-Aug, Lupin Ltd. is currently priced at 1,879.55, reflecting an increase of 12.25 or 0.66%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite this recent uptick, Lupin's performance over the past week and month has been negative, with returns of -4.14% and -4.92%, respectively. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 74.86% against the 5-day average. The company maintains a low debt-to-equity ratio of 0.12, and its operating profit has grown at an annual rate of 23.59%, contributing to a very attractive valuation with a price-to-book ratio of 5. Despite a -4.13% return over the past year, profits have risen by 71.4%, and the stock is trading at a discount compared to its peers.
In the broader market context, Lupin's recent performance contrasts with the Sensex, which has gained 0.16% over the past week and is down only 2.89% over the past month. This indicates that while Lupin has struggled in the short term, the overall market has shown resilience. The stock's high institutional holdings at 46.82% suggest that informed investors have confidence in its fundamentals, which may support its price recovery. However, the flat results reported in March, particularly the highest interest at Rs 89.10 crore, may have contributed to some investor caution. Overall, while Lupin's recent price increase is a positive sign, its longer-term performance remains under scrutiny compared to the broader market trends.