Why is E2E Networks falling/rising?

As of 10-Sep, E2E Networks Ltd is experiencing a price increase, currently at 3,265.00, reflecting a rise of 155.4 points or 5.0%. The stock has shown strong performance today, outperforming its sector by 4.94%, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has surged by 23.52%, and in the last month, it has increased by 61.08%. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 3.14% compared to the 5-day average. While the company has a low Debt to EBITDA ratio, indicating a strong ability to service debt, it has also faced challenges, including a significant decline in operating profit over the last five years and negative quarterly results.
In the broader market context, E2E Networks has significantly outperformed the Sensex, which has only increased by 1.04% over the past week. Despite the stock's impressive short-term returns, there are underlying issues such as a high proportion of pledged promoter shares, which can exert downward pressure in a falling market. The company's recent financial performance has raised concerns, particularly with a negative profit before tax and net sales decline in the latest quarter. While the stock has generated a return of 21.17% over the past year, its profitability has not kept pace, rising only by 37.8%, leading to a perception of an expensive valuation relative to its peers.