Why is Pearl Polymers falling/rising?

As of 27-Jun, Pearl Polymers Ltd's stock price is currently at 31.70, reflecting an increase of 0.47, or 1.5%. The stock has outperformed its sector today by 1.82%, although it is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, but below its 200-day moving average. Despite this positive movement, the stock has experienced a significant decline in investor participation, with delivery volume falling by 67.95% compared to the 5-day average. The company has reported operating losses, a high Debt to EBITDA ratio of -1.00 times, and a negative EBITDA, indicating weak long-term fundamental strength. Additionally, the stock's performance over the past year shows a return of -2.46%, with profits having fallen by 578%, which raises concerns about its sustainability.
In the broader market context, the stock has shown a 10.07% increase over the past week, significantly outperforming the Sensex, which has only risen by 2.00% in the same period. However, over the longer term, the stock's year-to-date performance is down by 18.09%, contrasting with the Sensex's gain of 7.58%. This disparity highlights the stock's volatility and the challenges it faces despite recent short-term gains. The overall market conditions and the company's financial struggles suggest that while there may be short-term upward movement, the long-term outlook remains precarious.