Why is Pearl Polymers falling/rising?

As of 07-Jul, Pearl Polymers Ltd's stock price is currently at 31.40, reflecting an increase of 0.41 (1.32%). The stock has shown a positive performance today, outperforming its sector by 1.36%. In terms of returns, over the past week, the stock has increased by 0.71%, while it has gained 2.18% over the past month. However, despite these short-term gains, 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 latest financial results show a substantial decline in profitability, with a PAT of Rs -4.43 crore, which has fallen by 1376.7% compared to the previous four-quarter average.
In the broader market context, while Pearl Polymers has outperformed the Sensex by 0.71% over the past week, the benchmark index has declined by 0.20% during the same period. This suggests that the stock's recent rise may be driven by specific factors related to investor participation and liquidity, as evidenced by a 6.12% increase in delivery volume. However, the stock's year-to-date performance remains concerning, with a decline of 18.86%, contrasting sharply with the Sensex's gain of 6.79%. Overall, while there are short-term positive movements, the underlying financial difficulties and negative EBITDA position the stock as risky in the long term.