Why is Lykis falling/rising?

As of 24-Sep, Lykis Ltd's stock price is currently at Rs 39.69, reflecting an increase of 1.21 (3.14%). The stock has been on a positive trajectory, gaining for the last seven days and achieving a total return of 21.23% during this period. It outperformed its sector by 2.02% today, reaching an intraday high of Rs 39.69. However, the stock has also seen a significant drop in delivery volume, which fell by 81.27% compared to the five-day average. Despite a year-to-date decline of 9.18% and a one-year drop of 20.70%, the stock is trading at a discount compared to its peers, with an attractive valuation indicated by a Return on Capital Employed (ROCE) of 10. Nonetheless, the company carries a high debt burden with a debt-to-equity ratio of 4.47, which raises concerns about its long-term fundamental strength.
In the broader market context, Lykis Ltd has significantly outperformed the Sensex over the past week and month, with returns of 14.05% and 17.95%, respectively, while the Sensex has seen declines of 1.18% and gains of only 0.50%. However, the stock's long-term performance has been disappointing, as it underperformed the market over the past year, with a decline of 20.70% compared to the BSE500's -5.32%. This stark contrast highlights the challenges Lykis faces, including weak profitability and high debt levels, which may overshadow its recent short-term gains.