Why is Nureca falling/rising?

As of 11-Jul, Nureca Ltd's stock price is currently at Rs 287.95, reflecting a decline of Rs 7.05 or 2.39%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total drop of 4.6%. Additionally, today's performance shows that it has underperformed its sector by 2.25%. Over the past week, the stock has gained 1.04%, but it has seen a decline of 3.14% over the past month. Despite these recent challenges, the company reported positive quarterly results, with a significant growth in profit after tax and net sales, which may provide some support for the stock. Furthermore, there has been an increase in institutional investor participation, which could indicate confidence in the company's fundamentals.
In the broader market context, Nureca's recent performance contrasts with the Sensex, which has declined by 1.12% over the past week. While Nureca's short-term performance has been slightly better than the benchmark, its longer-term returns show a stark difference, with a 71.23% drop over the past three years compared to a 51.67% gain in the Sensex. This disparity highlights the challenges faced by Nureca in maintaining investor confidence, despite some positive indicators such as low debt levels and increased institutional interest.