Why is GPT Infraproject falling/rising?

As of 01-Sep, GPT Infraprojects Ltd is currently priced at 113.90, reflecting an increase of 2.05 or 1.83%. Today's price summary indicates that the stock has outperformed its sector by 0.95% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock reached an intraday high of Rs 115.5, marking a 3.26% increase, although it also touched a low of Rs 108.65, which represents a 2.86% decrease. Despite the recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 19.79% and a one-year drop of 35.65%. Positive factors contributing to the stock's movement include consistent growth in net sales, profit before tax, and profit after tax over the last nine quarters, alongside a high dividend yield of 3.58%. However, the stock faces challenges due to poor long-term growth and a significant proportion of pledged promoter shares, which can exert downward pressure in a falling market.
In the broader market context, GPT Infraprojects has underperformed compared to the benchmark, with a one-year return of -35.65% against the Sensex's decline of only -2.43%. In the short term, the stock's performance over the past week shows a decline of 3.47%, while the Sensex has decreased by 1.56%. This indicates that while the stock has seen a slight recovery today, its overall trajectory remains concerning compared to the broader market trends. The high level of pledged shares and the stock's significant underperformance relative to market benchmarks suggest that investor sentiment may still be cautious despite today's gains.