Why is Gokaldas Exports falling/rising?

As of 18-Aug, Gokaldas Exports Ltd is experiencing a price increase, currently at Rs 725.75, reflecting a rise of 13.3 points or 1.87%. The stock has shown a positive trend over the last four days, gaining 4.42% during this period. However, it has underperformed its sector by 0.5% today and is trading below its longer-term moving averages. Despite a significant drop of 22.46% over the past month and a year-to-date decline of 35.87%, the company has reported healthy long-term growth with net sales increasing at an annual rate of 25.01% and operating profit at 60.83%. Positive quarterly results have also been declared, but the stock's high valuation and the fact that 96.28% of promoter shares are pledged could be contributing to investor caution.
In the broader market context, Gokaldas Exports has outperformed the benchmark Sensex in the short term, with a 1-week return of 4.42% compared to the Sensex's 0.83%. However, over the longer term, the stock has significantly underperformed, with a 1-year return of -19.74% against the benchmark's slight gain of 1.04%. This disparity highlights the challenges the company faces in regaining investor confidence, particularly given its high price-to-book ratio and the substantial pledge of promoter shares, which may exert additional downward pressure in a volatile market.