Why is Polymechplast Ma falling/rising?

As of 02-Jul, Polymechplast Machines Ltd is experiencing a decline in its stock price, currently at 69.20, which reflects a decrease of 2.3 or 3.22%. The stock has underperformed its sector by 3.35% today and has been on a consecutive downward trend for the last two days, with a total drop of 4.53% during this period. It opened with a significant loss of 5.59% and reached an intraday low of Rs 67.5. Despite touching a high of Rs 73 earlier in the day, the overall performance indicates weakness. The stock has shown strong short-term returns, with a 17.29% increase over the past week and an 11.61% rise over the past month; however, it has a negative year-to-date return of 4.46%. The company is facing challenges, including weak long-term fundamental strength, as indicated by a -31.04% CAGR growth in operating profits over the last five years and a low return on equity of 8.64%, which suggests low profitability per unit of shareholders' funds.
In the broader market context, while the Sensex has gained 0.79% over the past week and 2.50% over the past month, Polymechplast's recent performance contrasts sharply with these benchmarks. The stock's year-on-year return of 12.61% is notable, yet it is accompanied by a decline in profits of 3%, indicating that the stock may be trading at a premium compared to its peers, which could deter investors. The liquidity of the stock remains adequate, with a delivery volume increase of 20.14% against the five-day average, suggesting some investor interest despite the recent price drop. Overall, the combination of weak fundamentals and recent price movements contributes to the stock's current downward trajectory.