Why is Axel Polymers falling/rising?

As of 27-Jun, Axel Polymers Ltd is experiencing a slight increase in its stock price, currently at 44.90, with a change of 0.07 (0.16%) upwards. The stock has shown strong performance recently, gaining 18.16% over the past week and 34.83% over the last month, significantly outperforming the sector by 0.48% today. Despite these positive short-term movements, the stock has a troubling long-term performance, with a year-to-date decline of 17.24% and a one-year drop of 32.53%. The company is trading at a discount compared to its peers, and while it has an attractive valuation with a return on capital employed (ROCE) of 7.1, it has also faced significant challenges, including a 92.4% drop in profits over the past year and a high debt-to-equity ratio of 2.31, indicating weak long-term fundamental strength.
In the broader market context, the stock's recent gains contrast sharply with its long-term underperformance, as the benchmark Sensex has risen by 7.58% year-to-date and 6.08% over the past year. While Axel Polymers has outperformed the sector in the short term, the overall market has shown resilience, making the stock's long-term negative returns more pronounced. The company's high debt levels and declining sales, with a notable 61.56% drop in net sales for the last quarter, raise concerns about its sustainability despite the recent price uptick. Thus, while the stock is currently rising, the underlying financial challenges suggest caution for potential investors.