Why is Axel Polymers falling/rising?

As of 28-Jul, Axel Polymers Ltd's stock price is currently at 47.83, reflecting an increase of 0.93 or 1.98%. The stock has been on an upward trend, gaining for the last six days with a total return of 12.54% during this period. It has outperformed its sector by 3.44% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a year-to-date decline of 11.83% and a one-year return of -23.72%, the stock's profits have increased by 13%, contributing to a more attractive valuation relative to its peers. However, it is important to note that the company has a high debt level, which raises concerns about its long-term fundamental strength.
In the broader market context, Axel Polymers has significantly outperformed the Sensex over the past week and month, with returns of +10.33% and +6.53%, respectively, while the Sensex has declined by 1.59% and 3.77% in the same periods. This positive short-term performance contrasts with the stock's consistent underperformance against the benchmark over the last three years. The company's high debt-to-equity ratio and low return on equity indicate potential risks, despite the recent price increase. Overall, while the stock is currently rising, its long-term outlook remains uncertain due to fundamental weaknesses.