Why is Polyplex Corpn falling/rising?

As of 04-Aug, Polyplex Corporation Ltd's stock price is currently at 1,124.00, reflecting an increase of 36.1 or 3.32%. Today's performance indicates that the stock has outperformed its sector by 2.33%, reaching an intraday high of Rs 1124.15. However, despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 19.11% compared to the 5-day average. Over the past year, while the stock has generated a return of -2.09%, it has seen a significant profit increase of 453%, indicating a fair valuation with a Price to Book Value of 0.9. However, the company has faced challenges with poor long-term growth, as evidenced by a -12.58% annual decline in operating profit over the last five years.
In the broader market context, Polyplex's short-term return of +0.90% over the past week significantly outpaces the Sensex's return of +0.16%. Despite this positive short-term performance, the stock has underperformed the benchmark over the longer term, with a year-to-date return of -13.35% compared to the Sensex's +3.69%. This disparity highlights the challenges Polyplex faces in maintaining investor confidence amidst a backdrop of flat quarterly results and declining operating profit margins. The majority of shareholders being non-institutional may also contribute to the stock's volatility and perception in the market.