Why is Lokesh Mach. falling/rising?

As of 29-Jul, Lokesh Machines Ltd is experiencing a price increase, currently at Rs 209.60, reflecting a rise of Rs 15.5 or 7.99%. Today, the stock has shown a trend reversal after four consecutive days of decline, opening with a gain of 2.52% and reaching an intraday high of Rs 211. The stock has outperformed its sector by 7.43% today, and there has been a significant increase in investor participation, with delivery volume rising by 91.2% compared to the five-day average. However, despite a positive short-term movement, the stock has faced a substantial decline of 50.92% over the past year, with profits plummeting by 96.1%. The promoters have increased their stake by 1.41%, indicating confidence in the company's future, but the overall long-term fundamentals remain weak, as evidenced by a low Return on Capital Employed (ROCE) and negative financial results in recent quarters.
In the broader market context, the stock's performance over the past week shows a decline of 3.05%, while the benchmark Sensex has decreased by only 1.03%. Over the past month, however, Lokesh Machines Ltd has outperformed the benchmark, gaining 15.23% compared to the Sensex's drop of 3.24%. Despite this recent positive momentum, the stock's year-to-date performance remains concerning, with a decline of 32.60%, contrasting sharply with the Sensex's increase of 4.09%. This disparity highlights the stock's volatility and the challenges it faces in regaining investor confidence amidst a backdrop of poor long-term growth and high debt levels.