Why is Centrum Capital falling/rising?

As of 08-Jul, Centrum Capital Ltd is currently priced at 34.96, reflecting a slight increase of 0.06 or 0.17%. The stock has shown a trend reversal by gaining after two consecutive days of decline. It is trading above its moving averages across various time frames, indicating positive momentum. However, there has been a significant drop in investor participation, with delivery volume falling by 66.37% compared to the 5-day average. Over the past week, the stock has risen by 0.75%, and over the past month, it has increased by 7.21%, although it has underperformed over the past year with a decline of 11.54%. Positive quarterly results, including a 47.3% growth in net sales and the highest PBDIT recorded, suggest some underlying strength, but the overall weak long-term fundamentals and high proportion of pledged promoter shares raise concerns.
In the broader market context, while Centrum Capital has shown a positive short-term return, the benchmark Sensex has only increased by 0.02% over the same week, indicating that the stock is performing relatively better in the short term. However, the stock has underperformed significantly over the last year compared to the broader market, which has generated a return of 1.98%. The high valuation metrics, including a Price to Book Value of 5.2 and a negative Return on Equity, coupled with the increasing proportion of pledged shares, suggest that despite recent gains, the stock faces substantial headwinds that could impact its future performance.