Why is Centrum Capital falling/rising?

As of 31-Oct, Centrum Capital Ltd's stock price is currently at 34.11, reflecting an increase of 0.18 or 0.53%. The stock has shown a positive performance today, outperforming its sector by 1.26% and has been on a consecutive gain for the last two days, rising 3.33% during this period. Over the past week, the stock has increased by 1.85%, while its one-month return stands at 4.09%. However, despite these short-term gains, the company faces significant challenges, including a weak long-term fundamental strength with an average Return on Equity (ROE) of 0% and a high debt-equity ratio of 58.09 times. Additionally, 49.9% of promoter shares are pledged, which could exert downward pressure on the stock in a declining market.
Broader market context indicates that while Centrum Capital has outperformed the Sensex by 1.85% over the past week, the benchmark itself has seen a slight decline of 0.32%. The stock's year-to-date return of 3.18% is notably lower than the Sensex's 7.42%, suggesting that while the stock is experiencing short-term gains, it may not be keeping pace with broader market trends. The liquidity of the stock appears adequate, with a significant increase in delivery volume, but the overall negative factors, such as high valuations and pledged shares, may limit its potential for sustained growth in the long term.