Why is Gokaldas Exports falling/rising?

As of 17-Sep, Gokaldas Exports Ltd is experiencing a price increase, currently at Rs 817.50, which reflects a rise of Rs 33.5 or 4.27%. The stock has shown strong performance recently, gaining 7.75% over the last two days and outperforming its sector by 3.26% today. It opened with a gain of 2.3% and reached an intraday high of Rs 835, indicating positive momentum. Despite this, the stock has underperformed over the year with a return of -15.28%, while the company's financials show a healthy growth trajectory with net sales increasing by 28.87% and a low Debt to EBITDA ratio of 0.97, suggesting a strong ability to service debt. However, the stock's high Price to Book Value ratio of 2.9 and the fact that 96.28% of promoter shares are pledged may create downward pressure in the long term.
In the broader market context, Gokaldas Exports has outperformed the benchmark Sensex in the short term, with a 1-week return of +5.11% compared to the Sensex's +1.56%. While the stock has shown positive short-term movements, it has significantly lagged behind the market over the past year, which may contribute to investor caution. The overall market has generated negative returns of -2.63% in the last year, but Gokaldas Exports' decline has been more pronounced, indicating that while recent gains are encouraging, the stock's long-term performance remains a concern for investors.