Why is Axel Polymers falling/rising?

As of 31-Jul, Axel Polymers Ltd is experiencing a price increase, currently at 50.49, with a change of 0.74, representing a rise of 1.49%. The stock has shown strong performance recently, gaining 18.8% over the last nine days and outperforming its sector by 2.12% today. In terms of returns, the stock has increased by 9.78% over the past week and 16.04% over the past month, while it has underperformed over the year with a decline of 18.70%. The stock is trading above its moving averages across various timeframes, indicating positive momentum. However, it is important to note that there has been a significant drop in delivery volume, down by 98.22% against the 5-day average, which may raise concerns about investor participation. In the broader market context, while Axel Polymers has shown positive short-term returns, it has underperformed the benchmark index, Sensex, which has declined by 1.22% over the past week and 3.00% over the past month. The company has a high debt-to-equity ratio of 2.31, indicating financial leverage that may pose risks to long-term stability, despite a relatively attractive valuation compared to peers. Additionally, while profits have risen by 13% over the past year, the stock's overall performance has been hindered by a significant drop in net sales and a low return on equity, contributing to its underperformance relative to the market over the last year.