Why is Polo Queen Ind. falling/rising?

As of 25-Aug, Polo Queen Industrial and Fintech Ltd's stock price is rising, currently at Rs 51.59, reflecting an increase of 8.09 or 18.6%. The stock has shown a strong performance today, outperforming its sector by 18.73% and opening with a gain of 2.67%. It reached an intraday high of Rs 52.53, indicating significant upward movement. However, despite this positive short-term performance, the stock has experienced a decline of 7.87% over the past month and a substantial drop of 63.28% year-to-date. While the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 34.22%, it faces challenges such as poor management efficiency, reflected in a low return on equity of 1.03%, and negative results in June, where net sales fell by 33.18%. Additionally, the stock's valuation appears expensive compared to its peers, which may deter some investors.
Broader Market Context: In the context of the broader market, the stock's short-term return of 21.33% over the past week significantly outpaces the Sensex, which has only gained 0.45% during the same period. This indicates that Polo Queen is currently attracting investor interest despite its longer-term struggles, such as a 63.28% decline year-to-date compared to the Sensex's 4.48% gain. The stock's recent volatility and the falling investor participation, with a notable drop in delivery volume, suggest that while there is short-term momentum, the overall sentiment may still be cautious due to the company's underlying financial challenges and lack of domestic mutual fund investment.