Why is Sah Polymers falling/rising?

As of 17-Jul, Sah Polymers Ltd is experiencing a price increase, currently at Rs 119.80, reflecting a change of 1.3 (1.1%) upward. The stock has shown strong performance recently, with a 1-week return of +1.53% and a 1-month return of +11.44%, significantly outperforming the Sensex, which has seen a decline of -1.12% over the same week. Additionally, the stock is trading above its moving averages across various time frames, indicating positive momentum. However, despite the recent gains, the company faces challenges, including a weak long-term fundamental strength with a -17.67% CAGR growth in operating profits over the last five years and a low return on equity of 0.57%, which may temper investor enthusiasm.
Broader market context shows that while Sah Polymers has outperformed the benchmark in the short term, the overall market has been relatively flat, with the Sensex gaining only +0.83% over the past month. The stock's performance is notable given its significant return of +37.45% over the past year compared to the market's modest gain of +1.91%. This disparity highlights the stock's market-beating performance, although concerns about its long-term profitability and debt servicing capabilities remain. The rising investor participation, indicated by a substantial increase in delivery volume, suggests a growing interest in the stock, which could be contributing to its upward price movement despite the underlying financial challenges.