Why is Pearl Polymers falling/rising?

As of 30-Jul, Pearl Polymers Ltd's stock price is rising, currently at Rs 38.49, reflecting an increase of Rs 2.27 or 6.27%. The stock has shown strong performance recently, gaining 24.2% over the last two days and outperforming its sector by 5.89% today. It reached an intraday high of Rs 41.39, although it also experienced significant volatility with a wide trading range of Rs 6.19. Despite the positive short-term performance, the company faces challenges, including operating losses and a high Debt to EBITDA ratio, which raises concerns about its long-term fundamental strength. The stock has generated a return of 20.92% over the past year, but profits have significantly declined, indicating a risky investment.
In the broader market context, Pearl Polymers has outperformed the benchmark Sensex in the short term, with a 1-week return of +28.43% compared to the Sensex's -1.50%. However, the stock's year-to-date performance shows a slight decline of -0.54%, while the Sensex has gained 4.28%. This contrast highlights the stock's recent strength despite underlying financial weaknesses, suggesting that investor sentiment may be driven by short-term gains rather than long-term stability.