Why is Polycon Intl. falling/rising?

As of 10-Jul, Polycon International Ltd's stock price is currently flat at 28.99, with no change in percentage terms. The stock has shown strong performance recently, with a one-week return of +7.01% and a one-month return of +32.37%, significantly outperforming the Sensex, which has seen a slight decline of -0.06% over the same week. However, despite this positive momentum, there has been a notable decrease in investor participation, with delivery volume dropping by -98.67% against the five-day average. Additionally, the company has a high debt-to-equity ratio of 8.26, indicating weak long-term fundamental strength, which could be a concern for investors despite the stock trading at a discount compared to its peers.
In the broader market context, Polycon's recent performance contrasts sharply with the Sensex's modest gain of +0.97% over the past month. The stock's consistent returns over the last three years, outperforming the BSE500, suggest a resilient position; however, the negative factors, including poor long-term growth and high debt levels, may overshadow these achievements. The company's return on capital employed (ROCE) is low, and recent financial results have shown a significant decline in profitability, which could lead to caution among investors despite the stock's recent gains.