Why is Polylink Poly. falling/rising?

As of 26-Aug, Polylink Polymers (India) Ltd is experiencing a decline in its stock price, currently at Rs. 24.00, which reflects a decrease of Rs. 0.12 or 0.5%. The stock has hit a new 52-week low of Rs. 22.5 today and has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 1.84% during this period. Over the past year, the stock has significantly underperformed, with a return of -43.73%, while its profits have also decreased by 37.8%. Despite having an attractive valuation with a Price to Book Value of 1.8, the company’s weak long-term fundamentals, indicated by a low Return on Equity (ROE) of 4.8% and a poor EBIT to Interest ratio of 1.73, contribute to the negative sentiment surrounding the stock.
In the broader market context, Polylink Polymers has outperformed the sector by 0.95% today, but this is overshadowed by its overall poor performance compared to the benchmark Sensex, which has seen a decline of 1.05% over the past week. The stock's performance over the last month shows a decline of 9.26%, while the Sensex has only fallen by 0.83%. This stark contrast highlights the stock's struggles in both short-term and long-term performance, as it has underperformed the BSE500 over various time frames, further indicating a lack of investor confidence and participation, as evidenced by a significant drop in delivery volume.