Why is Syngene Intl. falling/rising?

As of 25-Jul, Syngene International Ltd's stock price is currently at 680.00, reflecting an increase of 10.6, or 1.58%. The stock has shown positive momentum today, outperforming its sector by 1.41% and reaching an intraday high of Rs 693.45, which is a rise of 3.59%. Over the past week, the stock has gained 3.60%, while it has increased by 4.37% over the last month. Despite these short-term gains, the stock has underperformed in the long term, with a year-to-date decline of 20.81% and a one-year drop of 13.36%. The company has a low debt-to-equity ratio and high institutional holdings at 40.55%, indicating strong investor confidence; however, concerns about poor long-term growth and high valuation metrics, such as a PEG ratio of 8.7, may be weighing on the stock's overall performance.
In the broader market context, Syngene's recent performance contrasts with the Sensex, which has seen a slight decline of 0.36% over the past week and a drop of 1.56% over the past month. While the stock has shown resilience in the short term, its long-term performance remains a concern, especially given its significant underperformance compared to the broader market over the past year. The stock's recent gains may be attributed to increased investor participation and favorable short-term trading conditions, but the overarching negative sentiment regarding its growth prospects could limit further upward movement.