Why is Plastiblends (I) falling/rising?

As of 05-Sep, Plastiblends India Ltd is experiencing a slight increase in its stock price, currently at 195.00, with a change of 0.25 (0.13%) upwards. The stock has shown a positive trend recently, gaining 2.96% over the last three days and outperforming the benchmark Sensex, which has only increased by 1.13% over the past week. However, despite this short-term gain, the stock has a concerning long-term performance, with a year-to-date decline of 19.59% and a significant drop of 44.60% over the past year. The company maintains a low debt-to-equity ratio of 0.03, which is a positive factor, but it has also reported poor long-term growth, with operating profits declining at an annual rate of -4.28% over the last five years. Additionally, domestic mutual funds hold no stake in the company, indicating a lack of confidence in its valuation.
In the broader market context, while Plastiblends has shown a positive return of 4.39% over the past week, the overall market, represented by the Sensex, has only increased by 1.13%. This indicates that the stock is performing better than the benchmark in the short term. However, the stock's long-term performance remains underwhelming, with a decline of 44.60% over the past year compared to a slight decrease of 1.81% in the Sensex. The combination of short-term gains against a backdrop of poor long-term performance suggests that while there may be some investor interest currently, the overall sentiment towards Plastiblends remains cautious due to its historical underperformance and lack of institutional support.