Why is Gujarat Poly falling/rising?

As of 14-Jul, Gujarat Poly Electronics Ltd's stock price is currently at Rs 99.00, reflecting an increase of Rs 1.0 or 1.02%. The stock has shown a positive performance today, reaching an intraday high of Rs 104.98, which is a rise of 7.12%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. The recent increase in delivery volume by 32.98% against the 5-day average suggests rising investor participation. However, despite these positive indicators, the company faces challenges such as weak long-term fundamental strength, a poor EBIT to Interest ratio, and a high valuation compared to peers, which could temper investor enthusiasm.
In the broader market context, Gujarat Poly's short-term return of +4.76% over the past week significantly outperforms the Sensex, which has declined by 1.42% during the same period. While the stock has shown resilience in the short term, its year-to-date return of +4.10% lags behind the Sensex's +5.27%. This contrast highlights the stock's potential appeal in a declining market, although its long-term performance remains a concern, as evidenced by a -1.54% return over the past year compared to the Sensex's +2.15%.