Why is Axel Polymers falling/rising?

As of 25-Jun, Axel Polymers Ltd's stock price is rising, currently at Rs 42.99, reflecting an increase of Rs 2.04 or 4.98%. The stock has shown a strong performance today, outperforming its sector by 5.04% and achieving a consecutive gain over the last three days with a total return of 13.13%. It opened with a gain of 4.98% and reached an intraday high of Rs 42.99. Additionally, the stock has performed well over the past week and month, with returns of 6.67% and 24.61%, respectively. However, it is important to note that the stock has underperformed over the year, with a decline of 40.00%, despite its attractive valuation and trading at a discount compared to peers.
In the broader market context, while the Sensex has generated a return of 1.61% over the past week and 1.27% over the past month, Axel Polymers has significantly outperformed these benchmarks in the short term. The stock's rising investor participation, indicated by a 204.82% increase in delivery volume, suggests growing interest despite its high debt levels and weak long-term fundamentals. The company has faced challenges, including a substantial decline in profits and net sales, which may impact its future performance. Nonetheless, the current upward movement in the stock price appears to be driven by short-term trading dynamics rather than long-term financial health.