Why is Centrum Capital falling/rising?

As of 18-Sep, Centrum Capital Ltd is currently priced at 37.20, reflecting an increase of 0.2 (0.54%). The stock has been gaining for the last three days, with a total return of 2.76% during this period. It is performing in line with its sector and is trading above its 5-day, 100-day, and 200-day moving averages, although it remains below its 20-day and 50-day moving averages. Despite these positive short-term movements, the company faces significant challenges, including a weak long-term fundamental strength indicated by an average Return on Equity (ROE) of 0% and a high debt-equity ratio of 58.09 times. Additionally, 45.24% of promoter shares are pledged, which could exert downward pressure on the stock in a declining market.
In the broader market context, Centrum Capital's 1-week return of +2.03% outperformed the Sensex's +1.80%, suggesting a relatively strong short-term performance compared to the benchmark. However, over the past month, the stock has underperformed with a return of -3.25% against the Sensex's +2.14%. While the stock has shown resilience in the short term, the overall negative factors, including its high valuation compared to peers and the pledged shares, may hinder sustained growth and investor confidence.