Why is Pearl Polymers falling/rising?

As of 25-Jun, Pearl Polymers Ltd is currently priced at 31.56, reflecting a slight increase of 0.13 (0.41%). The stock has shown a positive trend recently, gaining 9.58% over the last three days and outperforming its sector by 0.47%. However, despite this short-term performance, the stock has a negative year-to-date return of -18.45% and has underperformed the BSE 500 over the past year and three years. The company is facing significant challenges, including operating losses and a high Debt to EBITDA ratio of -1.00 times, which indicates a low ability to service debt. Additionally, the recent financial results have been disappointing, with a PAT of Rs -4.43 crore, marking a drastic decline compared to previous quarters.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has risen by 5.91% year-to-date. While Pearl Polymers has outperformed the benchmark in the short term, its long-term fundamentals remain weak, as evidenced by a -4.65% return over the past year and a significant drop in profits. The rising investor participation, indicated by a 166.18% increase in delivery volume, suggests some market interest, but the overall outlook remains cautious due to the company's ongoing financial struggles and negative EBITDA.