Why is Challani Capital falling/rising?

As of 25-Aug, Challani Capital Ltd is experiencing a price increase, currently at Rs 28.80, reflecting a rise of Rs 1.13 or 4.08%. The stock has shown strong performance today, outperforming its sector by 4.27% and reaching an intraday high of Rs 28.80. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Over the past week, the stock has gained 6.47%, although it has seen a slight decline of 0.69% over the past month. The company reported positive results in June, with a higher profit after tax of Rs 1.39 crore, and has generated a substantial return of 25.22% over the last year, outperforming the BSE500 index consistently for the past three years. However, the stock faces challenges due to a weak long-term fundamental strength, indicated by an average return on equity of 14.89% and a high price-to-book value ratio of 5.4, which suggests it may be overvalued.
In the broader market context, the stock's short-term return of 6.47% over the past week significantly outpaces the Sensex's modest gain of 0.45% during the same period. Despite the positive short-term performance, the stock's year-to-date return of -9.15% contrasts with the Sensex's increase of 4.48%, highlighting a mixed performance relative to the broader market. Additionally, the presence of pledged promoter shares, which account for 53.35%, could exert downward pressure in a falling market, raising concerns among investors. Overall, while Challani Capital is currently rising, its long-term fundamentals and market conditions present a complex picture that may influence future price movements.