Why is Shilpa Medicare falling/rising?

As of 15-Sep, Shilpa Medicare Ltd's stock price is currently at 820.65, reflecting a decline of 7.35 points or 0.89%. The stock has been underperforming, having fallen for three consecutive days with a total decrease of 1.72% during this period. It also reached an intraday low of Rs 808.85, indicating a significant drop of 2.31%. Over the past week, the stock has decreased by 3.68%, and over the past month, it has dropped by 9.47%. Despite these declines, the company has reported very positive financial results, including a remarkable 290.01% growth in net profit and positive results for the last eight consecutive quarters, which suggests strong underlying performance. However, the stock's recent price movement may be influenced by its current trading levels, as it is below several short-term moving averages while still being above the 200-day moving average.
In the broader market context, Shilpa Medicare's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.24% over the past week and 1.47% over the past month. This underperformance relative to the benchmark may contribute to investor sentiment surrounding the stock. Additionally, while there has been a notable increase in investor participation, with delivery volume rising by 130% against the five-day average, the overall market conditions and the stock's recent price trends suggest a cautious outlook. The liquidity of the stock remains adequate for trading, but the persistent declines may deter some investors despite the company's strong financial results.