Why is Polyplex Corpn falling/rising?

As of 22-Sep, Polyplex Corporation Ltd's stock price is currently at 1,063.00, reflecting a decrease of 1.0 (-0.09%). The stock has recently experienced a trend reversal, falling after five consecutive days of gains. Despite this, it outperformed its sector today by 0.61% and reached an intraday high of Rs 1,089, indicating some positive momentum. However, the stock has shown poor long-term growth, with an annual operating profit decline of -35.79% over the past five years. Additionally, the company reported negative results in its latest quarter, with a PAT of Rs -19.31 crore, which has contributed to its underperformance against the benchmark, generating -8.41% returns over the past year.
In the broader market context, Polyplex's short-term return of +3.00% over the past week significantly outpaces the Sensex's +0.46% return. However, the stock has consistently underperformed against the benchmark over the last three years, with a staggering -50.80% return compared to the Sensex's +38.97%. The high percentage of pledged promoter shares (99.94%) adds further downward pressure in a falling market, and the stock's expensive valuation relative to its peers, combined with a low return on equity of 5.6, raises concerns among investors. Overall, while there are some short-term gains, the long-term outlook remains bleak, contributing to the stock's current decline.