Why is Polycon Intl. falling/rising?

As of 19-Jun, Polycon International Ltd's stock price is currently at Rs 25.90, reflecting an increase of Rs 1.2 or 4.86%. The stock has been on an upward trend, gaining for the last two consecutive days with a total return of 9.28% during this period. It outperformed its sector by 7.76% today and opened with a significant gain of 4.98%. Over the past year, the stock has generated a remarkable return of 78.50%, significantly higher than the market's average return of 1.77%. However, the company faces challenges, including a high debt-to-equity ratio of 8.26 times and poor long-term growth metrics, such as a decline in net sales and operating profit over the last five years.
In the broader market context, Polycon's recent performance stands in stark contrast to the Sensex, which has seen a slight decline of 0.40% over the past week. While the stock has shown strong short-term gains, it is important to note that the plastic products sector overall has decreased by 2.95%. Despite the positive momentum in the stock's price, the company's weak long-term fundamentals, highlighted by negative profit growth and low return on capital employed, may raise concerns for investors. Thus, while the stock is currently rising, its long-term outlook remains uncertain due to these underlying issues.