Why is Syngene Intl. falling/rising?

As of 23-Jul, Syngene International Ltd's stock price is currently at 679.65, reflecting an increase of 3.8 (0.56%). The stock has been gaining for the last three days, with a total return of 3.54% during this period. It reached an intraday high of Rs 689.65, indicating positive momentum. However, despite this recent uptick, the stock has shown poor long-term growth, with net sales growing at an annual rate of only 12.60% and operating profit at 8.85% over the last five years. The company's recent quarterly results were disappointing, with a significant drop in profit before tax and profit after tax compared to previous quarters. Additionally, the stock is trading at a premium valuation compared to its peers, which may deter some investors.
In the broader market context, Syngene's short-term performance has outpaced the Sensex, with a 1-week return of +1.67% compared to the benchmark's +0.11%. However, the stock has underperformed over longer periods, with a year-to-date return of -20.85% against the Sensex's +5.87%. The high institutional holdings at 40.55% suggest that knowledgeable investors are backing the stock, but the falling investor participation and declining delivery volume indicate a potential lack of confidence among retail investors. Overall, while the stock is experiencing a short-term rise, its long-term outlook remains concerning due to flat growth and high valuations.