Why is Sybly Industries falling/rising?

As of 30-Jun, Sybly Industries Ltd's stock price is currently at Rs. 1.71, reflecting an increase of Rs. 0.08 or 4.91%. The stock has recently experienced a trend reversal, gaining after 19 consecutive days of decline. Despite this uptick, the stock has significantly underperformed over various periods, with a 1-week return of -13.20% and a 1-month return of -56.49%. Additionally, the stock hit a new 52-week low of Rs. 1.55 today. The company's financial health is concerning, with a high debt-to-equity ratio of 5.95 times and a negative EBITDA, indicating weak long-term fundamentals. The recent performance has been overshadowed by a substantial drop in net sales and a drastic fall in profit after tax, which has fallen by 820.9% compared to the previous quarter.
In the broader market context, while Sybly Industries has seen a slight increase today, it has consistently underperformed against the benchmark, with a 1-year return of -75.95% compared to a 5.79% return for the Sensex. The stock's recent rise comes amidst a sector-wide gain of 2.39%, suggesting some positive sentiment in the market. However, the overall liquidity remains low, and the stock is trading below all major moving averages, indicating ongoing challenges. The majority of shareholders being non-institutional further adds to the risk profile of the stock, as it reflects a lack of institutional support, which could impact future price stability.