Why is Polylink Poly. falling/rising?

As of 10-Jul, Polylink Polymers (India) Ltd is currently priced at Rs. 26.35, reflecting an increase of 0.39 or 1.5%. The stock has recently outperformed its sector by 1.77% today, marking a trend reversal after three consecutive days of decline. However, it has hit a new 52-week low of Rs. 25.1 today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 4.67%, and its year-to-date performance shows a decline of 11.87%. Despite a 23.7% increase in profits over the past year, the stock has generated a return of -9.26%, indicating weak long-term fundamental strength with an average Return on Equity (ROE) of 4.83%.
In the broader market context, the Sensex has shown a slight decline of 0.06% over the past week, contrasting with Polylink's more significant drop. The stock's performance has lagged behind the benchmark indices, with a year-to-date return of -11.87% compared to the Sensex's gain of 6.46%. The company's ability to service its debt is also concerning, as indicated by a poor EBIT to Interest ratio of 1.64, which may contribute to investor hesitance. Overall, while there are some positive indicators such as attractive valuation metrics and recent profit growth, the stock's recent performance and long-term fundamentals suggest a challenging environment for recovery.