Why is Lykis falling/rising?

As of 27-Jun, Lykis Ltd's stock price is currently at Rs 35.48, reflecting an increase of Rs 1.45 or 4.26%. The stock has shown a positive trend today, outperforming its sector by 5.72% and reversing a two-day decline. It reached an intraday high of Rs 35.55, indicating a strong performance in the short term. However, despite this recent uptick, the stock has underperformed over the past month with a return of -1.42% and a significant decline of -29.81% over the past year. The company's financials reveal a high debt-to-equity ratio of 4.47 times, low profitability with a return on capital employed of 5.95%, and a substantial drop in profit after tax, which has fallen by 183.6% compared to the previous four-quarter average. These factors contribute to a mixed outlook for the stock, despite its attractive valuation relative to peers.
Broader market context indicates that while Lykis Ltd has gained 3.14% over the past week, the benchmark Sensex has increased by 2.00% in the same period, suggesting a slight outperformance. However, the stock's year-to-date performance remains concerning, with a decline of -18.81% compared to the Sensex's gain of 7.58%. This underperformance highlights the challenges Lykis faces in a broader market that has been more favorable. The liquidity of the stock is adequate for trading, but the high debt levels and weak long-term fundamentals raise significant concerns for investors, overshadowing the recent positive price movement.