Why is Lyka Labs falling/rising?

As of 23-Sep, Lyka Labs Ltd is experiencing a slight increase in its stock price, currently at 99.59, with a change of 0.23 (0.23%) upwards. Despite this positive movement today, the stock has shown a negative performance over the past week and month, with returns of -0.41% and -1.88%, respectively. The stock is trading below its moving averages across various time frames, indicating a potential bearish trend. However, there has been a rise in investor participation, as evidenced by a 5.55% increase in delivery volume compared to the 5-day average. The company has demonstrated strong management efficiency with a high return on capital employed (ROCE) of 17.59% and has reported positive results for the last five consecutive quarters, including a remarkable 502.99% growth in profit after tax over the latest six months.
In the broader market context, Lyka Labs has underperformed against the benchmark, with a year-to-date return of -37.23% compared to the Sensex's gain of 5.07%. This consistent underperformance over the last three years has raised concerns among investors, despite the company's strong profit growth and fair valuation compared to peers. The high debt level, with a debt-to-equity ratio of 2.75, poses a significant risk, contributing to the stock's volatility and investor caution. Overall, while there are positive indicators regarding the company's operational efficiency and growth potential, the persistent underperformance and high debt levels may overshadow these factors, leading to a cautious outlook among investors.