Why is Axel Polymers falling/rising?

As of 22-Jul, Axel Polymers Ltd is experiencing a price increase, currently at 44.21, reflecting a change of 0.86 or 1.98% upward. The stock has shown a positive performance today, outperforming its sector by 3.3% and has gained consecutively over the last two days, resulting in a total return of 4.02% during this period. However, despite these short-term gains, the stock has underperformed significantly over the past year, with a return of -33.22%, while its profits have plummeted by -92.4%. The company is characterized by high debt levels and weak long-term fundamental strength, which contributes to its overall negative performance despite its attractive valuation compared to peers.
Broader Market Context: In the short term, Axel Polymers has outperformed the benchmark Sensex, which has declined by 0.47% over the past week, while the stock itself has risen by 2.81%. This indicates a relative strength in the stock compared to the broader market. However, it is important to note that the stock's year-to-date performance remains poor at -18.51%, contrasting sharply with the Sensex's positive return of 5.18%. The liquidity of the stock is also a concern, as evidenced by a significant drop in delivery volume, which fell by 47.17% against the five-day average, suggesting waning investor interest despite the recent price increase.