Why is Lokesh Mach. falling/rising?

As of 14-Jul, Lokesh Machines Ltd is experiencing a decline in its stock price, currently at Rs 220.75, which reflects a decrease of Rs 9.35 or 4.06%. The stock has underperformed its sector by 3.54% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 220, indicating a significant drop of 4.39%. Over the past week, the stock has decreased by 5.11%, and its year-to-date performance shows a substantial decline of 29.02%. Despite a strong performance over the last three and five years, with returns of 168.06% and 829.47% respectively, the stock has faced challenges recently, including a 49.60% drop over the past year and a concerning 96.1% fall in profits. The recent increase in promoter stake by 1.41% suggests some confidence in the company's future, but this is overshadowed by weak long-term fundamentals, including a high Debt to EBITDA ratio and declining operating profits.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 1.42% over the past week. While the stock has shown some resilience in the longer term, its recent performance indicates a struggle to keep pace with market expectations. The company's negative results over the last two quarters, alongside a significant drop in profitability, have contributed to investor concerns, leading to decreased participation in trading. Overall, while there are some positive indicators such as increased promoter confidence, the prevailing negative financial metrics and recent stock performance suggest a challenging environment for Lokesh Machines Ltd.