Why is Axel Polymers falling/rising?

As of 10-Jul, Axel Polymers Ltd is experiencing a price increase, with its current price at 43.40, reflecting a change of 0.85 or 2.0% upward. The stock has outperformed its sector by 2.27% today, although it has shown erratic trading patterns, not trading on one day out of the last twenty. Despite this positive movement, the stock's delivery volume has significantly decreased by 93.86% compared to the five-day average, indicating falling investor participation. Over the past week, the stock has gained 1.76%, while its one-month return stands at a substantial 24.46%. However, it has faced challenges with a year-to-date decline of 20.00% and a one-year return of -31.68%, alongside a significant drop in profits of 92.4% over the same period. The company is characterized by high debt levels and weak long-term fundamentals, which may contribute to investor caution despite its attractive valuation compared to peers.
In the broader market context, the Sensex has shown a slight decline of 0.06% over the past week, contrasting with Axel Polymers' positive short-term performance. The stock's recent gains may be partially attributed to its trading at a discount relative to historical valuations of its peers, but the overall negative sentiment surrounding its long-term performance and high debt levels could temper enthusiasm. The stock's underperformance against the BSE500 over the last three years and the significant drop in profitability suggest that while there may be short-term gains, the long-term outlook remains uncertain, impacting investor confidence.