Why is Gokaldas Exports falling/rising?

As of 18-Sep, Gokaldas Exports Ltd is currently priced at 822.25, reflecting an increase of 4.75 (0.58%). The stock has shown a strong performance recently, gaining 8.38% over the last three days and outperforming its sector by 0.38%. In the past week, it has risen by 5.66%, and over the past month, it has increased by 13.30%. The company has demonstrated a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.97 times, and it has reported positive results for the last three consecutive quarters, with significant growth in net sales and profit after tax. However, the stock is trading at a premium compared to its peers, with a high Price to Book Value of 2.9, and 96.28% of promoter shares are pledged, which could exert downward pressure on the stock in a falling market.
In the broader market context, Gokaldas Exports has underperformed the market over the past year, with a return of -12.20% compared to the BSE500's -1.96%. Despite its recent gains, the stock's year-to-date performance remains negative at -27.34%, while the benchmark has increased by 6.24%. This disparity highlights the challenges the company faces in regaining investor confidence, particularly given its high valuation metrics and the significant percentage of pledged shares. Overall, while the recent price increase may reflect short-term positive sentiment, the underlying factors suggest caution for long-term investors.