Why is Axel Polymers falling/rising?

As of 04-Aug, Axel Polymers Ltd is experiencing a price increase, currently at 52.51, reflecting a change of 1.02 or 1.98% upward. The stock has shown strong performance recently, gaining consecutively for the last 11 days and achieving a total return of 23.55% during this period. It has outperformed its sector by 0.99% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, with delivery volume dropping by 88.67% compared to the 5-day average. While the stock has underperformed over the past year with a return of -16.65%, it has seen a profit increase of 13%, indicating a potential for recovery despite its high debt levels and weak long-term fundamentals.
In the broader market context, Axel Polymers has significantly outperformed the Sensex over the past week and month, with returns of +9.78% and +20.99%, respectively, while the Sensex has only increased by 0.16% and decreased by 2.89%. This short-term outperformance contrasts with the company's long-term struggles, as it has consistently underperformed against the benchmark over the last three years. The stock's attractive valuation relative to peers and its recent positive profit growth may be contributing to its current upward movement, despite the challenges posed by high debt and low profitability metrics.