Why is Syngene Intl. falling/rising?

As of 28-Jul, Syngene International Ltd's stock price is currently at Rs 690.20, reflecting an increase of Rs 10.2 or 1.5%. The stock has shown positive momentum recently, gaining 3.11% over the last two days and outperforming its sector by 1.42% today. Additionally, the stock has performed well over the past week and month, with returns of +2.76% and +7.32%, respectively. However, it is important to note that the stock has a negative year-to-date return of -19.62% and a one-year return of -12.14%. The company benefits from a low debt-to-equity ratio and high institutional holdings at 40.55%, which may contribute to investor confidence despite its long-term growth concerns.
In the broader market context, Syngene's recent performance contrasts with the Sensex, which has declined by 1.59% over the past week and 3.77% over the past month. While the stock has shown resilience in the short term, its long-term growth prospects are hindered by flat results in June and a high valuation compared to its peers, as indicated by its price-to-book value of 5.9 and a PEG ratio of 8.8. The company's net sales and operating profit growth rates over the last five years have been modest, which may raise concerns among investors about its sustainability in the face of current price movements.