Why is Sah Polymers falling/rising?

As of 31-Jul, Sah Polymers Ltd is currently priced at 120.00, reflecting an increase of 0.5 (0.42%). The stock has been performing well, having gained 1.1% over the last three days and is currently trading close to its 52-week high, just 4.13% away from Rs 124.95. In the past week, the stock has outperformed the sector by 1.84% and has shown strong returns of 43.37% over the past year, despite the broader market's negative performance. However, there are concerns regarding the company's long-term fundamental strength, as it has experienced a significant decline in operating profits and a low return on equity, which may impact investor sentiment.
In the broader market context, Sah Polymers has outperformed the benchmark Sensex, which has declined by 1.22% over the past week, while Sah Polymers has increased by 2.56%. Despite the stock's positive short-term performance, the overall market has been challenging, with the BSE500 showing negative returns of -3.20% in the last year. This contrast highlights the stock's resilience, although the weak fundamentals and declining investor participation could pose risks to its continued upward trajectory.