Why is Lykis falling/rising?

As of 11-Jul, Lykis Ltd's stock price is currently at Rs 39.00, reflecting an increase of 1.0 or 2.63%. The stock has shown a positive trend recently, gaining 6.64% over the last three days and outperforming its sector by 3.57% today. Despite this short-term gain, the stock has faced significant challenges over the past year, with a return of -26.43% and a decline in profits by -12.9%. The company's high debt levels and weak long-term fundamentals, indicated by a low Return on Capital Employed and a substantial drop in net sales and profit after tax, suggest underlying issues that may be affecting investor sentiment.
In the broader market context, Lykis Ltd's recent performance contrasts with the Sensex, which has seen a decline of 1.12% over the past week and a slight increase of 5.58% year-to-date. While Lykis has managed to gain in the short term, its long-term performance remains concerning, especially given its significant underperformance compared to the market over the last year. This juxtaposition highlights the volatility and mixed signals surrounding Lykis Ltd, where short-term gains may not fully reflect the company's fundamental challenges.