Why is Pearl Polymers falling/rising?

As of 24-Jun, Pearl Polymers Ltd is experiencing a price increase, currently at Rs 31.43, reflecting a rise of 1.62 or 5.43%. The stock has shown a strong performance today, outperforming its sector by 5.18% and achieving a consecutive gain over the last two days, with a total return of 9.13% in that period. Despite this positive short-term movement, the stock has underperformed in the longer term, with a year-to-date decline of 18.79% and a one-year return of -6.10%. The company faces significant challenges, including operating losses and a high Debt to EBITDA ratio, which contribute to its weak long-term fundamental strength. The recent financial results have also been concerning, with a substantial drop in profit after tax and negative EBITDA, indicating ongoing financial difficulties.
In the broader market context, Pearl Polymers' short-term return of +5.61% over the past week significantly outpaces the Sensex, which has only increased by 0.58% in the same timeframe. However, the stock's long-term performance remains below par compared to the benchmark, as it has lagged behind the BSE 500 over the past three years, one year, and three months. This juxtaposition highlights the stock's volatility and the potential risks associated with its current trading position, as it is still viewed as risky due to its negative EBITDA and declining profitability.