Why is Vinayak Polycon falling/rising?

As of 24-Jun, Vinayak Polycon International Ltd's stock price is currently at Rs 34.68, reflecting an increase of 1.45 (4.36%). The stock has been on an upward trend, gaining for the last four days and achieving a remarkable return of 18.73% over the past week. Today's performance is notable as it outperformed its sector by 4.11%, opening with a gain of 5% and reaching an intraday high of Rs 34.89. Despite this positive movement, the stock has a mixed long-term outlook, with a return of 61.60% over the past year but a decline in profits by 8%. The stock is trading at a discount compared to its peers, which may attract investors, although it has a weak long-term fundamental strength indicated by a low average Return on Capital Employed (ROCE) of 4.83%.
In the broader market context, Vinayak Polycon's short-term performance significantly outpaces the benchmark, with a 1-week return of 18.73% compared to the Sensex's modest gain of 0.58%. This strong performance in the near term, combined with rising investor participation and liquidity, suggests a positive sentiment among traders. However, the stock's year-to-date performance shows a decline of 14.20%, contrasting with the Sensex's gain of 5.01%, indicating potential concerns regarding its long-term growth prospects. Overall, while the stock is currently rising, its long-term fundamentals and recent profit decline may pose risks for future performance.