Why is Syngene Intl. falling/rising?

As of 19-Aug, Syngene International Ltd's stock price is rising, currently at 683.25, reflecting an increase of 18.8 or 2.83%. The stock has outperformed its sector today by 2.96%, reaching an intraday high of Rs 684. It is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Over the past week, the stock has seen a return of +5.16%, while it has gained +4.09% over the past month. Despite a significant decline of -20.43% year-to-date and -16.86% over the past year, the stock's recent performance is bolstered by a low debt-to-equity ratio and high institutional holdings at 40.55%, indicating strong investor confidence. However, concerns about long-term growth persist, as evidenced by flat quarterly results and a high price-to-book value ratio compared to peers.
Broader market context shows that while Syngene's stock has outperformed the Sensex in the short term, it has underperformed over the longer term. The Sensex has returned +1.76% over the past week and is up +4.49% year-to-date, contrasting with Syngene's significant declines. The broader market has been more resilient, with the BSE500 generating a negative return of only -0.91% over the past year, while Syngene's stock has fallen much more sharply. This disparity highlights the challenges Syngene faces in regaining investor confidence despite its recent uptick in price.