Why is Pankaj Polymers falling/rising?

As of 23-Jun, Pankaj Polymers Ltd is experiencing a price increase, currently trading at 17.84, reflecting a rise of 0.84 or 4.94%. The stock has shown strong performance recently, with a consecutive gain over the last two days, resulting in a total return of 9.58% during this period. Additionally, Pankaj Polymers has outperformed its sector by 4.46% today and has impressive long-term returns, including a 119.43% increase over the past year and a 243.08% rise over the last three years. However, despite these positive trends, the company faces challenges such as operating losses and weak long-term fundamental strength, which could impact investor sentiment.
In the broader market context, Pankaj Polymers has significantly outperformed the Sensex, which only saw a 0.12% increase over the past week, while Pankaj Polymers gained 15.39% in the same timeframe. This stark contrast highlights the stock's strong momentum relative to the benchmark. Nonetheless, the company’s weak ability to service its debt and negative EBITDA raises concerns about its long-term viability, which could temper enthusiasm among investors despite its recent price gains.