Why is Nureca falling/rising?

As of 24-Oct, Nureca Ltd's stock price is currently at Rs 302.35, reflecting a decline of Rs 16.05 or 5.04%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total drop of 10.19% during this period. Today's trading activity indicates that the stock has touched an intraday low of Rs 299.6, with a weighted average price showing more volume traded closer to this low. Despite positive financial results, including a significant 348.15% growth in net profit and the highest quarterly net sales recorded, the stock's long-term fundamentals are weak, highlighted by a -143.07% CAGR growth in operating profits over the last five years and a low return on equity of 5.63%. Additionally, there has been a notable decrease in institutional investor participation, which may contribute to the stock's current downward trend.
In the broader market context, Nureca's recent performance contrasts with the benchmark Sensex, which has only increased by 0.31% over the past week while Nureca has gained 5.06%. However, the stock's year-to-date return of 7.24% is slightly below the Sensex's 7.77%, indicating that while it has shown some resilience in the short term, the recent declines suggest a lack of confidence among investors. The overall market sentiment appears cautious, especially given the stock's risky valuation and declining institutional interest, which may further pressure its price in the near term.