Why is Polylink Poly. falling/rising?

As of 07-Aug, Polylink Polymers (India) Ltd is experiencing a price increase, currently at Rs 25.30, reflecting a rise of Rs 0.55 or 2.22%. Despite this uptick, the stock has shown a negative performance over various periods, with a decline of 2.69% over the past week and 5.28% over the past month. It is also trading lower than its moving averages across multiple timeframes, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by nearly 200% compared to the 5-day average, suggesting a potential shift in market sentiment. The stock is currently 3.16% away from its 52-week low, which may indicate some buying interest at these lower levels.
In the broader market context, Polylink's recent performance contrasts with the benchmark Sensex, which has declined only 0.69% over the past week. This underperformance relative to the benchmark is evident in the year-to-date returns, where Polylink has dropped 15.38% compared to the Sensex's gain of 3.18%. The stock's long-term performance also lags behind the benchmark, with a significant 39.76% decline over the past year. Despite the current price increase, the overall trend suggests that Polylink is struggling to maintain momentum in a challenging market environment.