Why is Lyka Labs falling/rising?

As of 04-Aug, Lyka Labs Ltd is experiencing a decline in its stock price, currently at 108.40, which reflects a decrease of 2.25 or 2.03%. The stock has underperformed its sector today by 2.37% and has been on a downward trend for the last two days, accumulating a total loss of 6.95%. It opened significantly lower, down 4.56%, and reached an intraday low of Rs 105.6. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a notable increase in delivery volume, which rose by 159.17% against the 5-day average, the stock's performance over the past year has been poor, generating a return of -10.41%, while the company has reported significant profit growth of 614.3% during the same period. However, the high debt-to-equity ratio of 2.75 times raises concerns about financial stability.
In the broader market context, Lyka Labs has consistently underperformed against the benchmark, with a 1-week return of -2.39% compared to the Sensex's slight gain of 0.16%. Over the past three years, the stock has shown a consistent trend of underperformance, which has contributed to investor sentiment and may explain the current price decline. While the company has demonstrated high management efficiency and healthy long-term growth, the persistent high debt levels and recent stock performance relative to the market have likely influenced the negative price movement.