Why is Lexus Granito falling/rising?

As of 23-Sep, Lexus Granito (India) Ltd is experiencing a price increase, with its current price at Rs 28.94, reflecting a rise of 0.65 or 2.3%. Despite this uptick, the stock has shown a negative performance over various periods, including a 1-week decline of 1.66% and a year-to-date drop of 31.39%. The stock is currently trading 3.25% above its 52-week low and has outperformed its sector by 3.21% today. However, it is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a significant decrease in investor participation, with a delivery volume drop of 72.01% against the 5-day average. The company's financial health is concerning, with a high debt-equity ratio of 14.9 times and a low return on equity of 8.43%, which suggests weak long-term fundamental strength.
In the broader market context, Lexus Granito's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex over the past year, generating a return of -29.29% compared to the Sensex's -2.97%. This consistent underperformance over the last three years highlights the company's struggles relative to the market. While the stock is trading at a discount compared to its peers, the high debt levels and low profitability metrics raise concerns about its long-term viability. Overall, the recent price increase may not be indicative of a turnaround, given the underlying financial challenges and the stock's historical performance against the benchmark.