Why is Sybly Industries falling/rising?

As of 02-Jul, Sybly Industries Ltd is currently priced at 1.87, reflecting an increase of 0.08 or 4.47%. The stock has been gaining momentum over the last three days, with a total return of 14.72% during this period. However, despite this recent uptick, the stock has experienced a significant decline of 54.61% over the past month and a staggering 65.37% year-to-date. The company's financial health is concerning, as indicated by its high debt-to-equity ratio of 5.95 times and negative EBITDA, which suggest weak long-term fundamentals. Additionally, the company's net sales have plummeted at an annual rate of -100.00% over the last five years, and its recent quarterly performance shows a substantial loss, further impacting investor sentiment.
In the broader market context, Sybly Industries has outperformed the sector by 3.7% today, but this is juxtaposed against a backdrop of consistent underperformance against the benchmark, with a return of -72.78% over the past year compared to the Sensex's 5.00% gain. The stock's recent performance is not indicative of a strong recovery, especially given the falling investor participation, with delivery volume dropping significantly. While the stock has shown some short-term gains, the long-term outlook remains bleak, and its performance relative to the benchmark over the last three years has been disappointing, highlighting the risks associated with investing in Sybly Industries.