Why is Pankaj Polymers falling/rising?

As of 02-Jul, Pankaj Polymers Ltd is experiencing a decline in its stock price, currently at Rs 19.87, which represents a decrease of 1.04 or 4.97%. The stock opened with a gain of 2.82% today and reached an intraday high of Rs 21.5, but it ultimately fell to its current price, indicating a trend reversal after two consecutive days of gains. Despite this drop, the stock has shown strong performance over the past year, generating an 83.47% return, and has outperformed the BSE500 index over various time frames. However, the company faces challenges such as operating losses and weak long-term fundamental strength, which may contribute to investor caution.
In the broader market context, Pankaj Polymers' recent performance has outpaced the Sensex, which has only increased by 0.79% over the past week. While the stock has shown impressive returns in the long term, the current decline may be attributed to its poor financial fundamentals, including a negative EBITDA and weak ability to service debt. The stock's recent underperformance against its sector by 4.54% today further highlights the market's reaction to its financial health, despite rising investor participation indicated by a significant increase in delivery volume.