Why is Gokaldas Exports falling/rising?

As of 13-Aug, Gokaldas Exports Ltd is currently priced at Rs 710.70, reflecting an increase of Rs 5.7 or 0.81%. The stock has shown a positive performance today, having outperformed its sector by 0.47% and gaining 2.26% over the last two days. However, it remains 4.32% away from its 52-week low and is trading below all key moving averages. Despite a healthy long-term growth trajectory with net sales increasing at an annual rate of 25.01% and positive results for the last three quarters, the stock is facing challenges due to a high price-to-book value ratio and a significant percentage of promoter shares being pledged, which adds downward pressure in a falling market.
In the broader market context, Gokaldas Exports has underperformed relative to the benchmark, with a one-year return of -21.56% compared to the BSE500's negative return of -0.64%. This stark contrast highlights the stock's struggles despite the overall market conditions. The recent gains may be attributed to short-term trading dynamics, but the long-term outlook remains clouded by its expensive valuation and declining investor participation, as evidenced by a significant drop in delivery volume.