Why is Lyka Labs falling/rising?

As of 29-Aug, Lyka Labs Ltd's stock price is currently flat at 99.05, with no change in percentage terms (0.00%). The stock has shown a decline of 2.41% over the past week and a significant drop of 12.50% over the last month. Today's trading performance is in line with the sector; however, it is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 80.36% compared to the 5-day average. Despite the company reporting positive results for the last five consecutive quarters and demonstrating high management efficiency with a return on capital employed (ROCE) of 17.59%, the stock has underperformed significantly, with a year-to-date decline of 37.57%.
In the broader market context, the Sensex has experienced a decline of 1.84% over the past week and 1.88% over the last month, indicating that the market is generally under pressure. However, Lyka Labs has consistently underperformed against the benchmark over the last three years, contributing to its negative returns of -33.14% in the past year. The company's high debt-to-equity ratio of 2.75 times raises concerns about its financial stability, overshadowing its healthy long-term growth in operating profit. While the stock is trading at a discount compared to its peers, the persistent underperformance and high debt levels suggest that investors remain cautious, impacting the stock's recent movement negatively.