Why is Jindal Poly Film falling/rising?

As of 12-Aug, Jindal Poly Films Ltd's stock price is currently at Rs 530.00, reflecting an increase of Rs 10.0 or 1.92%. The stock has shown a trend reversal by gaining after five consecutive days of decline, and it outperformed its sector by 4.35% today. However, it remains close to its 52-week low, just 3.08% away from Rs 513.65. Over the past year, the stock has generated a return of -34.23%, significantly underperforming against the benchmark, while its profits have risen by 38.4%. The company has a low Debt to EBITDA ratio of 1.49 times, indicating a strong ability to service debt, and it is trading at a discount compared to its peers' average historical valuations, which may attract some investors.
In the broader market context, Jindal Poly Films has experienced a short-term return of -4.79% over the past week, while the Sensex has only declined by -0.59%. This indicates that the stock is underperforming compared to the broader market in the short term. Additionally, the plastic products sector has fallen by -2.38%, contributing to the stock's challenges. Despite the recent price increase, the stock's long-term growth prospects remain poor, with an annual operating profit decline of -39.22% over the last five years and a lack of domestic mutual fund investment, which may reflect broader market skepticism about its future performance.