Why is Polo Queen Ind. falling/rising?

As of 23-Jun, Polo Queen Industrial and Fintech Ltd's stock price is currently at Rs 61.00, reflecting an increase of Rs 2.84 or 4.88%. The stock has been gaining for the last two days, with a total return of 5.61% during this period. It has outperformed its sector by 5.45% today. However, despite this recent uptick, the stock has shown a significant decline of 7.15% over the past month and a staggering 56.58% year-to-date. While the stock generated a return of 27.80% over the last year, it is important to note that its profitability has declined, with a low return on equity of 1.03% and a decrease in profits by 8% over the same period. This combination of strong short-term performance and underlying profitability concerns may contribute to mixed investor sentiment.
In the broader market context, Polo Queen's recent performance has slightly outpaced the benchmark Sensex, which has risen by 0.12% over the past week. However, the stock's year-to-date performance starkly contrasts with the Sensex's gain of 4.81%. The low participation from domestic mutual funds, holding only 0% of the company, suggests a lack of confidence in the stock's valuation, which is considered expensive compared to its peers. This lack of institutional support, combined with the company's poor management efficiency and low profitability metrics, may create caution among investors despite the recent price increase.