Why is Gokaldas Exports falling/rising?

As of 19-Sep, Gokaldas Exports Ltd is experiencing a rise in its stock price, currently at Rs 830.80, reflecting an increase of Rs 8.55 or 1.04%. The stock has shown a positive trend, gaining 9.5% over the last four days and outperforming its sector by 0.84% today. Despite a year-to-date decline of 26.58%, the stock has performed well in the short term, with a 1-week return of 8.33% and a 1-month return of 11.91%. The company's strong financial performance, including a low Debt to EBITDA ratio of 0.97 times and significant growth in net sales and operating profit, has contributed positively to its recent price movement. However, the high valuation indicated by a Price to Book Value of 2.9 and the fact that 96.28% of promoter shares are pledged could pose risks to sustained growth.
In the broader market context, Gokaldas Exports has outperformed the Sensex, which has only increased by 0.88% over the past week. While the stock has shown resilience in the short term, it has underperformed the market over the past year, with a return of -15.94% compared to the Sensex's -0.67%. This disparity highlights the challenges the company faces despite its recent gains, as the overall market sentiment remains cautious, particularly with the high level of pledged shares potentially exerting downward pressure in adverse conditions.