Why is Pearl Polymers falling/rising?

As of 04-Aug, Pearl Polymers Ltd's stock price is rising, currently at Rs 36.80, reflecting an increase of Rs 1.37 or 3.87%. The stock has demonstrated strong performance today, outperforming its sector by 3.05% and achieving a consecutive gain over the last two days with a total return of 4.81%. It reached an intraday high of Rs 39, marking a 10.08% increase, although it also experienced a low of Rs 33.92. Despite the positive short-term movement, the company faces challenges, including operating losses and a high Debt to EBITDA ratio, which indicates a weak long-term fundamental strength. Additionally, while the stock has generated a return of 17.57% over the past year, its profits have significantly declined by 578%, raising concerns about its sustainability.
In the broader market context, Pearl Polymers has outperformed the benchmark Sensex, which has only seen a marginal increase of 0.16% over the past week, while Pearl Polymers has surged by 18.75% in the same period. This stark contrast highlights the stock's resilience despite the overall negative sentiment in the market, as reflected by the BSE500's negative returns of -2.34% over the last year. However, the stock's liquidity appears to be decreasing, with a significant drop in delivery volume, which may affect its future performance. Overall, while the stock is currently rising, the underlying financial challenges could pose risks moving forward.