Why is GPT Infraproject falling/rising?

As of 26-Aug, GPT Infraprojects Ltd is currently priced at 118.25, reflecting a slight increase of 0.25 or 0.21%. The stock has shown a positive performance today, outperforming its sector by 2.02% and has gained 1.55% over the last two days. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 39.69% compared to the 5-day average. Despite the stock's poor performance over the past year, where it has declined by 36.76%, the company has reported positive results for the last nine consecutive quarters, with net sales growing by 29.33% and profits rising by 41.3%. The high dividend yield of 3.39% at the current price may attract some investors, but the high percentage of pledged promoter shares (50.88%) raises concerns about long-term growth.
In the broader market context, GPT Infraprojects has underperformed significantly compared to the benchmark, with a one-year return of -36.76% against the BSE500's decline of only -3.87%. This stark contrast highlights the stock's struggles despite its recent positive quarterly results. Over the short term, the stock's performance has been relatively better, as it has gained in the last two days, but the overall trend remains negative when viewed against the longer-term performance metrics. The combination of falling investor participation, high pledged shares, and underperformance relative to the market suggests that while there may be short-term gains, the long-term outlook for GPT Infraprojects remains challenging.