Why is Morepen Labs. falling/rising?

As of 05-Jun, Morepen Laboratories Ltd is experiencing a price increase, currently at 64.38, with a change of 0.61, representing a 0.96% rise. The stock has shown a trend reversal, gaining after four consecutive days of decline. It is performing inline with its sector today, and the delivery volume has increased by 8.13% compared to the five-day average, indicating rising investor participation. Despite a year-to-date decline of 17.78%, the stock has generated a substantial return of 43.39% over the past year, supported by a healthy operating profit growth rate of 35.63%. However, the stock's technical trend remains sideways, and it is trading at a discount compared to its peers, which may attract some investors.
In the broader market context, the stock's short-term performance has been relatively poor, with a 1-week return of -2.79% compared to a slight decline of 0.23% in the Sensex. While the stock has outperformed the benchmark over the longer term, including a 60.95% return over three years, the lack of domestic mutual fund investment may reflect some caution among institutional investors regarding the company's prospects. Additionally, negative results reported for March 25, including a significant drop in profit before tax and a decrease in earnings per share, could contribute to a cautious sentiment despite the recent price increase.