Why is Forbes & Co falling/rising?

As of 23-Sep, Forbes & Company Ltd is currently priced at 388.80, reflecting an increase of 1.8 or 0.47%. The stock has shown a trend reversal, gaining after six consecutive days of decline. However, it remains below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant drop of 45.39% over the past year, the company has reported a remarkable profit increase of 1250.1%, leading to a PEG ratio of 0, indicating potential undervaluation. Additionally, the stock's ability to service debt is strong, with a low Debt to EBITDA ratio of 0.92 times. However, the company faces challenges such as a -40.36% annual growth rate in net sales over the last five years and a concerning 98.25% of promoter shares being pledged, which could exert downward pressure on the stock price.
In the broader market context, Forbes & Company Ltd has underperformed relative to the Sensex, with a 1-week return of -5.17% compared to the benchmark's -0.34%. This underperformance is consistent with its longer-term trends, as the stock has generated -17.26% year-to-date and -45.39% over the past year, while the Sensex has gained 5.07% in the same timeframe. The stock's recent price movement, despite a slight uptick, reflects ongoing concerns about its long-term growth potential and overall market sentiment, which remains cautious given the high percentage of pledged shares and poor sales performance.