Why is Pearl Polymers falling/rising?

As of 31-Jul, Pearl Polymers Ltd is experiencing a decline in its stock price, currently at Rs 35.17, reflecting a decrease of Rs 3.32 or 8.63%. Today's performance indicates that the stock has underperformed its sector by 8%, opening with a significant loss of 5.17% and reaching an intraday low of Rs 35.17. Despite this drop, the stock has shown positive returns over the past week and month, with increases of 9.87% and 13.52%, respectively. However, the company is facing challenges, including operating losses and a high Debt to EBITDA ratio, which contribute to its weak long-term fundamental strength. The recent financial results have also been disappointing, with a substantial decline in profit before tax and net profit compared to previous quarters.
In the broader market context, while Pearl Polymers has outperformed the Sensex over the past week and month, it has underperformed year-to-date, with a decline of 9.12% compared to the Sensex's increase of 3.90%. This suggests that while the stock has shown resilience in the short term, the overall market sentiment may be affecting its current price movement. The company's liquidity appears sufficient for trading, but the negative EBITDA and flat quarterly results raise concerns about its future performance, contributing to the stock's current downward trend.