Why is E2E Networks falling/rising?

As of 23-Sep, E2E Networks Ltd is experiencing a price increase, currently at 3,351.30, reflecting a rise of 159.5 (5.0%). The stock has shown strong performance today, outperforming its sector by 5.55%, 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 gained 11.10%, while its one-month return stands at an impressive 42.99%. Despite a year-to-date decline of 17.21%, the stock has consistently generated returns, outperforming the BSE500 over the last three years. However, the company faces challenges, including a significant decline in operating profit over the past five years and a low return on equity of 2.2, which contributes to its expensive valuation. Additionally, 60.39% of promoter shares are pledged, which could exert downward pressure in volatile markets.
In the broader market context, E2E Networks has significantly outperformed the Sensex, which has seen a slight decline of 0.28% over the past week. The stock's strong short-term performance contrasts with the benchmark's lackluster returns, highlighting investor confidence despite underlying financial challenges. The rising investor participation, indicated by an increase in delivery volume, suggests a positive sentiment towards the stock, even as concerns about long-term growth and pledged shares linger. Overall, while the stock is currently on an upward trajectory, the mixed financial indicators and market conditions present a complex picture for potential investors.