Why is Sah Polymers falling/rising?

As of 24-Jun, Sah Polymers Ltd's stock price is rising, currently at Rs 119.00, reflecting an increase of Rs 4.5 or 3.93%. The stock has shown strong performance, gaining 13.33% over the last four days and outperforming its sector by 4.07% today. It is also close to its 52-week high, just 0.88% away from Rs 120.05. The stock has consistently traded above its moving averages across various time frames, indicating a bullish trend. However, despite this positive momentum, the company faces challenges such as weak long-term fundamental strength, with a -17.67% CAGR growth in operating profits over the past five years and low profitability metrics.
In the broader market context, Sah Polymers has significantly outperformed the benchmark Sensex, with a 1-week return of +10.70% compared to the Sensex's +0.58%, and a year-to-date return of +39.82% against the Sensex's +5.01%. This strong relative performance highlights investor confidence, despite the company's underlying issues, such as a poor EBIT to Interest ratio and declining profits over the past year. The rising investor participation, evidenced by a substantial increase in delivery volume, suggests that market sentiment remains positive, contributing to the stock's upward movement.