Why is Syngene Intl. falling/rising?

As of 29-Jul, Syngene International Ltd's stock price is currently at 711.25, reflecting an increase of 21.05 or 3.05%. The stock has shown positive momentum, gaining 6.45% over the last three days and outperforming its sector by 1.84% today. Despite this recent uptick, the stock has underperformed in the long term, with a year-to-date decline of 17.17% and a one-year return of -10.65%. The company has a low debt-to-equity ratio and high institutional holdings at 40.55%, which may provide some stability; however, the recent flat results in net sales and operating profit growth, alongside a high price-to-book value ratio, indicate concerns about its long-term growth potential.
In the broader market context, Syngene's short-term performance contrasts sharply with the benchmark Sensex, which has declined by 1.03% over the past week and 3.24% over the past month. While the stock has gained 5.24% in the last week, the overall market sentiment appears to be negative. The stock's liquidity remains adequate, but a significant drop in delivery volume suggests a decrease in investor participation, which could impact future price movements. Overall, while the stock is currently rising, underlying concerns regarding its long-term growth and valuation may temper investor enthusiasm.