Why is Lokesh Mach. falling/rising?

As of 04-Aug, Lokesh Machines Ltd is experiencing a price increase, with its current price at Rs 213.05, reflecting a rise of Rs 18.01 or 9.23%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 9.39% today and reached an intraday high of Rs 213.85. However, despite this positive movement, the stock has shown a significant decline over the past year, with a return of -49.17%, and its profits have fallen dramatically by -96.1%. The company has a low Return on Capital Employed (ROCE) of 4.3, indicating weak long-term fundamental strength, which may contribute to investor caution despite the recent price increase.
In the broader market context, the stock's short-term return of +9.76% over the past week significantly outpaces the Sensex, which only increased by 0.16% during the same period. However, the stock's year-to-date performance remains concerning, with a decline of -31.50%, contrasting sharply with the Sensex's gain of +3.69%. This disparity highlights the stock's underperformance relative to the market, despite today's positive movement. The company's high Debt to EBITDA ratio and consecutive negative quarterly results further underscore the challenges it faces, which may temper investor enthusiasm even amid short-term gains.