Why is Axel Polymers falling/rising?

As of 23-Jul, Axel Polymers Ltd is experiencing a price increase, currently at 45.09, reflecting a change of 0.88 or 1.99% upward. The stock has shown strong performance recently, with a consecutive gain over the last three days, resulting in a total return of 6.09% during this period. Despite this positive short-term trend, the stock has underperformed over the past year, with a return of -29.49%. The company's financials indicate a high debt situation and weak long-term fundamental strength, which may contribute to investor caution despite its attractive valuation relative to peers.
In the broader market context, Axel Polymers has outperformed the sector by 1.5% today, while the benchmark Sensex has only increased by 0.11% over the past week. However, the stock's year-to-date performance shows a significant decline of -16.88%, contrasting with the Sensex's gain of 5.87%. This disparity highlights the stock's volatility and challenges in maintaining investor confidence, especially given its high debt levels and declining profitability, which may overshadow its recent gains.