Why is Lyka Labs falling/rising?

As of 22-Sep, Lyka Labs Ltd is experiencing a decline in its stock price, currently at 99.07, reflecting a decrease of 1.02 (-1.02%). The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 27.6% compared to the 5-day average. Over the past week, the stock has shown a slight increase of 0.07%, but it has underperformed significantly over the longer term, with a year-to-date decline of 37.55% and a one-year return of -33.55%. Despite positive factors such as high management efficiency and substantial profit growth, the company's high debt-to-equity ratio of 2.75 times raises concerns about its financial stability, contributing to the stock's recent downward movement.
In the broader market context, Lyka Labs' short-term performance is lagging behind the benchmark, with the Sensex showing a gain of 0.46% over the past week, while Lyka Labs has only managed a marginal increase. The company's consistent underperformance against the benchmark over the last three years, coupled with a significant decline in stock value despite rising profits, suggests that investor sentiment remains cautious. While the company has declared positive results for the last six quarters, the high debt levels and the stock's historical underperformance continue to weigh heavily on its market perception.