Why is Axel Polymers falling/rising?

As of 29-Jul, Axel Polymers Ltd is experiencing a price increase, currently at 48.78, reflecting a change of 0.95 or 1.99% upward. The stock has shown strong performance recently, gaining 14.78% over the last seven days and outperforming its sector by 1.21% today. Despite a year-to-date decline of 10.08% and a significant drop of 24.94% over the past year, the company has reported a 13% rise in profits, which, along with its attractive valuation and trading at a discount compared to peers, may be contributing to the recent upward movement. However, the stock's high debt levels and weak long-term fundamentals, including a low return on equity, present challenges that could temper investor enthusiasm.
In the broader market context, Axel Polymers has outperformed the Sensex over the past week, which has seen a decline of 1.03%, while the stock itself has risen by 10.34%. This short-term strength contrasts sharply with its longer-term performance, where it has underperformed the market significantly over the past year. The broader market has generated negative returns of only -2.26%, highlighting the stock's substantial decline relative to market trends. The combination of short-term gains against a backdrop of longer-term struggles may indicate a potential shift in investor sentiment, although concerns about the company's debt and profitability remain pertinent.