Why is Algoquant Fin falling/rising?

As of 13-Nov, Algoquant Fintech Ltd is experiencing a price increase, with its current price at 65.55, reflecting a change of 0.8 or 1.24% upward. The stock has shown a positive performance today, outperforming its sector by 0.84% and has been gaining for the last two days, accumulating a total return of 6.4% during this period. Despite a recent decline of 4.54% over the past month, the stock has demonstrated strong long-term growth, with a year-to-date return of 25.96% and a remarkable 354.00% increase over the last three years. However, it is important to note that the company has reported negative results in June, with a significant drop in net sales and profits, which could impact investor sentiment.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of -0.86% compared to the Sensex's gain of 1.40%. While the stock has shown consistent returns over the past three years, the recent pledge of 26.76% of promoter shares may exert downward pressure, particularly in a falling market. The company's low debt-to-equity ratio and healthy long-term growth rates in net sales and operating profit provide some reassurance to investors, but the high valuation metrics and declining profits over the past year could create caution among potential buyers.