Why is Centrum Capital falling/rising?

As of 07-Jul, Centrum Capital Ltd is currently priced at 34.90, reflecting a decrease of 0.57 or 1.61%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 1.83%. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 2.92% and 7.02%, respectively. However, the company's long-term fundamentals are concerning, highlighted by a weak Return on Equity (ROE) of -67.1% and a significant drop in profits by 89.1% over the past year. Additionally, over half of the promoter shares are pledged, which can exert further downward pressure on the stock price in a declining market.
In the broader market context, while the stock has underperformed the BSE500 index over the past year, which has seen a return of 1.74%, Centrum Capital's performance has been notably negative at -10.99%. This underperformance, coupled with the recent price decline, indicates a lack of investor confidence, particularly in light of the company's weak long-term fundamentals and high valuation metrics. Despite some positive quarterly results, the overall sentiment remains cautious, contributing to the stock's recent price movement.