Why is ADC India falling/rising?

As of 14-Jul, ADC India Communications Ltd is currently priced at 1,256.00, reflecting an increase of 2.3 (0.18%). The stock's performance today is in line with its sector, and it is trading above its 20-day, 50-day, and 100-day moving averages, although it is below its 5-day and 200-day moving averages. Notably, there has been a rise in investor participation, with delivery volume increasing by 12.27% against the 5-day average. Over the past month, the stock has shown a significant return of +24.36%, contrasting with a year-to-date decline of -23.24%. Despite a high dividend yield of 4.39%, the company faces challenges, including a recent negative quarterly performance where profit after tax fell by 58.5%, and a high price-to-book value indicating an expensive valuation relative to peers. Additionally, 65% of promoter shares are pledged, which can exert downward pressure on the stock in a falling market.
In the broader market context, ADC India has underperformed compared to the benchmark, with a one-year return of -34.41% against the Sensex's +2.15%. While the stock has shown some recovery in the short term, its long-term performance remains concerning, especially given the negative results reported in the last quarter. The company's operating profit growth of 49.49% annually suggests potential for future improvement, but the high level of pledged shares and recent financial results create uncertainty. Overall, while there are some positive indicators, the stock's recent rise may not be sustainable without addressing the underlying financial challenges and market conditions.