Why is Lokesh Mach. falling/rising?

As of 28-Jul, Lokesh Machines Ltd is experiencing a decline in its stock price, currently at Rs 194.10, which reflects a decrease of Rs 11.9 or 5.78%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 10.22% during this period. It opened with a loss of 3.37% today and reached an intraday low of Rs 188.7, indicating significant volatility with an intraday fluctuation of 6.18%. Over the past week, the stock has decreased by 9.00%, while its performance over the last year shows a substantial decline of 54.62%. Despite a recent increase in promoter confidence with a 1.41% stake increase, the company's fundamentals remain weak, highlighted by a 96.1% drop in profits over the past year and negative results in the last two quarters.
In the broader market context, Lokesh Machines Ltd has significantly underperformed compared to the Sensex, which has only declined by 1.59% over the past week. While the stock has shown a positive return of 6.71% over the last month, its year-to-date performance is concerning with a drop of 37.59%, contrasting sharply with the Sensex's gain of 3.52% in the same period. The company's weak long-term growth prospects, indicated by a low Return on Capital Employed (ROCE) and high Debt to EBITDA ratio, further contribute to investor skepticism, leading to the stock's current downward trajectory.