Why is Pearl Polymers falling/rising?

As of 16-Jul, Pearl Polymers Ltd is experiencing a price increase, currently at 30.81, reflecting a rise of 0.92 or 3.08%. The stock has outperformed its sector by 3.09% today and has shown a consecutive gain over the last two days, with a total return of 7.39% during this period. However, despite this recent uptick, 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 company reported a PAT of Rs -4.43 crore, marking a drastic decline of -1376.7% compared to the previous four-quarter average, which raises concerns about its profitability and overall financial health.
In the broader market context, Pearl Polymers' short-term performance is relatively better than the benchmark, as it has gained 0.36% over the past month while the Sensex has increased by 1.02%. However, the stock has underperformed significantly over the longer term, with a year-to-date decline of -20.39% compared to the Sensex's gain of 5.75%. This underperformance is compounded by a negative EBITDA and a history of falling profits, which suggests that while there may be short-term gains, the long-term outlook remains precarious, making the stock a risky investment.