Why is Polylink Poly. falling/rising?

As of 13-Aug, Polylink Polymers (India) Ltd is experiencing a price increase, currently at Rs 24.68, reflecting a rise of 0.52 or 2.15%. The stock has shown a trend reversal after two consecutive days of decline and has outperformed its sector by 1.25%. However, it is still trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant drop of 45.13% over the past year, the stock's valuation remains attractive with a Price to Book Value of 1.8, and it is trading at a discount compared to its peers. Nonetheless, the company has reported a decline in profits by 37.8%, which raises concerns about its long-term fundamental strength.
In the broader market context, Polylink's short-term performance has been slightly better than the benchmark, with a 1-week return of -0.28% compared to the Sensex's -0.01%. While the stock's recent price increase may suggest a temporary recovery, the overall long-term outlook remains weak, as indicated by its poor Return on Equity (ROE) of 4.83% and a concerning EBIT to Interest ratio of 1.73. The company's flat results in June, with a significant drop in net sales and profits, further highlight the challenges it faces, contributing to its underperformance relative to broader market indices over various time frames.