Why is Ecoplast falling/rising?

As of 08-Jul, Ecoplast Ltd's stock price is currently at Rs 680.30, reflecting an increase of Rs 1.8 or 0.27%. The stock has shown strong performance over the past week, with a return of 23.46%, significantly outperforming the Sensex, which only increased by 0.02%. Despite a day’s low of Rs 657.05, the stock is trading above its moving averages across various time frames, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 20.27% compared to the 5-day average. While the stock has generated impressive returns of 77.16% over the past year, it faces challenges with weak long-term fundamentals, including a low return on equity and declining profits.
Broader market context shows that Ecoplast's recent performance is notably stronger than the benchmark, as it has outperformed the Sensex in both the 1-week and 1-month periods. The stock's substantial gains over the last three years, coupled with consistent returns, suggest a favorable short-term outlook. However, the negative factors, such as poor long-term growth and high valuation compared to peers, could temper investor enthusiasm moving forward. Overall, while the stock is currently rising, the underlying weaknesses may pose risks to its sustained performance.