Why is Lexus Granito falling/rising?

As of 20-Oct, Lexus Granito (India) Ltd's stock price is currently at Rs. 27.69, reflecting an increase of Rs. 1.72 or 6.62%. The stock has recently outperformed its sector by 7.6%, although it hit a new 52-week low of Rs. 25.1 earlier in the day. Over the past week, the stock has shown a positive return of 2.67%, contrasting with a negative return of 5.37% over the past month. Despite a recent uptick, the company faces significant challenges, including a high debt-to-equity ratio of 14.9 times and a negative return on capital employed (ROCE) of -2.2, indicating weak long-term fundamental strength. The company has reported losses, which contribute to a negative return on equity (ROE), and while profits have increased by 95.6%, the stock has underperformed against the benchmark over the last three years.
In the broader market context, the stock's short-term performance of +2.67% over the past week slightly outpaces the Sensex, which has returned +2.44% in the same period. However, the stock's year-to-date decline of -34.35% starkly contrasts with the Sensex's gain of +9.30%, highlighting its consistent underperformance. The falling investor participation, evidenced by a 59.14% drop in delivery volume, suggests a lack of confidence among investors, which may hinder any sustained recovery despite the recent price increase. Overall, while the stock has seen a short-term rise, its long-term outlook remains precarious due to fundamental weaknesses and persistent underperformance against market benchmarks.