Why is Polylink Poly. falling/rising?

As of 12-Aug, Polylink Polymers (India) Ltd is experiencing a decline in its stock price, currently at Rs. 24.16, which reflects a decrease of Rs. 1.08 or 4.28%. The stock has hit a new 52-week low of Rs. 23.56 today and has underperformed its sector by 1.85%. Over the past week, the stock has fallen by 7.08%, and its year-to-date performance shows a significant decline of 19.20%. The company's fundamentals are weak, with a return on equity (ROE) of only 4.8% and a poor EBIT to interest ratio of 1.73, indicating challenges in servicing its debt. Additionally, the stock has generated a return of -46.17% over the past year, with profits down by 37.8%, contributing to its negative momentum.
In the broader market context, the Sensex has only decreased by 0.59% over the past week, highlighting that Polylink's decline is more pronounced than the overall market. The stock's performance has been below par compared to the benchmark, particularly over the last three years, where it has underperformed the BSE500. Despite a recent increase in investor participation, as indicated by a 57.7% rise in delivery volume, the overall sentiment remains negative due to the company's flat financial results and long-term underperformance.