Why is Ecoplast falling/rising?

As of 26-Jun, Ecoplast Ltd's stock price is currently at 554.00, reflecting an increase of 4.05 (0.74%). The stock has shown a mixed performance recently, with a one-week decline of 1.08% and a one-month drop of 12.06%. However, it has outperformed its sector today by 0.67%, reaching an intraday high of Rs 562.75. Despite this positive movement, Ecoplast is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term. The company has generated a return of 42.51% over the past year, but it faces challenges such as a weak long-term fundamental strength, with an average Return on Equity (ROE) of 9.45% and a decline in profits over the past year.
In the broader market context, while Ecoplast's stock has outperformed the BSE 500 index over the last three years, it has underperformed in the short term, particularly in the last month compared to the Sensex, which has gained 1.92%. The stock's recent rise may be attributed to increased investor participation, as evidenced by a 38.54% rise in delivery volume. However, the company's negative financial indicators, including a significant drop in PAT and low ROCE, suggest underlying weaknesses that could hinder sustained growth. Overall, the stock's recent upward movement appears to be a short-term reaction amidst a backdrop of longer-term challenges.