Why is Lykis falling/rising?

As of 02-Jul, Lykis Ltd's stock price is currently at Rs 41.51, reflecting an increase of Rs 1.65, or 4.14%. The stock has shown strong performance recently, gaining 18.6% over the last two days and outperforming its sector by 3.96% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, despite these short-term gains, the stock has underperformed over the past year with a return of -21.91%, and its profits have decreased by 12.9%. The company has a high debt level, which raises concerns about its long-term fundamental strength, contributing to its mixed performance.
Broader market context indicates that Lykis Ltd has significantly outperformed the benchmark Sensex in the short term, with a 1-week return of 19.63% compared to the Sensex's 0.79%. However, over the longer term, Lykis has lagged behind the broader market, with a year-to-date return of -5.01% versus the Sensex's 6.75%. This disparity highlights the stock's volatility and the challenges it faces, including high debt and declining profitability, which may affect investor sentiment despite recent gains.