Why is Gokaldas Exports falling/rising?

As of 23-Sep, Gokaldas Exports Ltd is experiencing a price increase, currently at Rs 820.20, reflecting a rise of Rs 20.3 or 2.54%. The stock has shown strong performance today, outperforming its sector by 3.16% and reaching an intraday high of Rs 832.05, which is a 4.02% increase. Over the past week, the stock has risen by 4.62%, while it has gained 9.03% over the past month. Despite a year-to-date decline of 27.52%, the company has demonstrated a robust ability to service debt with a low Debt to EBITDA ratio of 0.97 times and has reported positive results for the last three consecutive quarters, with significant growth in net sales and profit after tax.
In the broader market context, Gokaldas Exports has outperformed the Sensex, which has declined by 0.34% over the past week. However, the stock has underperformed the market over the past year, with a return of -17.41% compared to the BSE500's -4.69%. The stock's valuation appears expensive with a Price to Book Value of 2.9, and a high percentage of pledged promoter shares (96.28%) could exert downward pressure in a falling market. Despite these concerns, the company's strong growth metrics and recent positive financial performance may be contributing to the current upward price movement.