Why is Axel Polymers falling/rising?

As of 01-Jul, Axel Polymers Ltd's stock price is currently at 43.51, reflecting an increase of 0.85 or 1.99%. The stock has shown strong performance recently, outperforming its sector by 2.38% today. Over the past week, it has risen by 6.25%, and in the last month, it has surged by 26.30%. However, despite these gains, the stock has a negative year-to-date return of -19.80% and a significant decline of -36.85% over the past year, indicating a challenging longer-term trend. The company has a return on capital employed (ROCE) of 7.1, suggesting an attractive valuation, but it is trading at a discount compared to its peers. Nonetheless, the company is burdened with high debt and has reported a substantial decline in profits, which could be contributing to investor caution.
In the broader market context, while the Sensex has increased by 2.00% over the past week and 2.76% over the past month, Axel Polymers' recent performance has outpaced these benchmarks. However, the stock has underperformed significantly over the past year compared to the BSE500, which has generated returns of 3.20%. This underperformance, coupled with the company's high debt levels and weak long-term fundamentals, may create a mixed sentiment among investors, despite the recent uptick in stock price.