Why is Polyplex Corpn falling/rising?

As of 10-Sep, Polyplex Corporation Ltd's stock price is currently at 1,028.75, reflecting an increase of 6.5 (0.64%). The stock has shown some positive movement today, having outperformed its sector by 1.22% and reversing a two-day decline. It reached an intraday high of Rs 1,043.75, indicating a slight recovery. However, the stock's performance over the past month has been poor, with a decline of 8.95%, and it is still 3.57% away from its 52-week low. The company has a low debt-to-equity ratio, which is a positive factor, but it has been facing significant challenges, including a substantial drop in operating profit over the last five years and a concerning recent quarterly performance with a PAT of Rs -19.31 crore.
In the broader market context, the stock's short-term performance of +0.09% over the past week contrasts with the Sensex's gain of +1.06%, indicating underperformance relative to the benchmark. Over the past year, Polyplex has generated a return of -16.35%, while the Sensex has remained relatively flat at -0.61%. This consistent underperformance, combined with the high percentage of pledged promoter shares, adds downward pressure on the stock. The company's expensive valuation compared to peers and negative recent financial results further contribute to a cautious outlook, despite today's modest price increase.