Why is Pearl Polymers falling/rising?

As of 03-Jul, Pearl Polymers Ltd's stock price is currently at Rs 31.29, reflecting an increase of Rs 1.03, or 3.4%. The stock has shown a positive trend today, gaining after three consecutive days of decline, and opened with a gain of 2.18%. It outperformed its sector by 3.64% and reached an intraday high of Rs 31.95, which is a 5.58% increase. Despite this short-term gain, the company faces significant challenges, including operating losses and a high Debt to EBITDA ratio of -1.00 times, indicating a weak long-term fundamental strength. The stock has generated a return of -2.80% over the past year, with profits falling by -578%, which raises concerns about its overall viability.
In the broader market context, Pearl Polymers' short-term performance of +0.19% over the past week contrasts with the Sensex, which has declined by -0.62%. While the stock has outperformed the benchmark in the short term, it has underperformed over longer periods, such as a -19.15% return year-to-date compared to the Sensex's +6.53%. This divergence suggests that while the stock is experiencing a temporary rise, the underlying financial difficulties and negative trends in profitability may limit its potential for sustained growth in the future.