Why is Lokesh Mach. falling/rising?

As of 16-Jul, Lokesh Machines Ltd is experiencing a price increase, currently trading at 220.00, which reflects a rise of 16.05 or 7.87%. Today's performance indicates that the stock has outperformed its sector by 7.51% and has gained after two consecutive days of decline, reaching an intraday high of Rs 223.9. Over the past week, the stock has shown a modest increase of 0.94%, while its one-month return stands at a significant 24.29%. However, it is important to note that the stock has underperformed over the longer term, with a year-to-date decline of 29.26% and a one-year drop of 48.83%. The recent rise in stock price may be influenced by the promoters increasing their stake by 1.41%, signaling confidence in the company's future, despite the company facing challenges such as a high Debt to EBITDA ratio and declining profits.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 1.08% over the past week and increased by only 1.02% over the past month. This suggests that Lokesh Machines Ltd is gaining traction relative to the market, particularly in the short term. However, the stock's long-term performance remains concerning, as it has significantly underperformed the market over the past year, with a return of -48.83% compared to the Sensex's positive return of 2.38%. The combination of short-term gains and long-term struggles highlights the volatility and uncertainty surrounding Lokesh Machines Ltd's future prospects.