Why is Lykis falling/rising?

As of 26-Sep, Lykis Ltd's stock price is currently at Rs 35.84, reflecting a decline of Rs 1.29 or 3.47%. The stock has been underperforming, having lost 7.82% over the last two days and opened with a loss of 2.48% today. It touched an intraday low of Rs 35, indicating significant selling pressure. Additionally, the stock's delivery volume has decreased dramatically by 83.16% compared to the five-day average, suggesting a drop in investor participation. In terms of returns, the stock has underperformed the benchmark Sensex over the past week, with a decline of 4.73% compared to the Sensex's 2.66% drop.
Broader Market Context: In the context of the broader market, Lykis Ltd's performance has been notably weaker than the Sensex, particularly in the short term. While the Sensex has shown a slight decline of 0.45% over the past month, Lykis has increased by 11.97% during the same period, indicating some recovery potential. However, year-to-date, Lykis has seen a significant decline of 17.99%, contrasting sharply with the Sensex's gain of 2.93%. This disparity highlights the challenges Lykis is facing in regaining investor confidence amidst a generally stable market environment.