Why is IndiaNivesh falling/rising?

As of 17-Jul, IndiaNivesh Ltd's stock price is currently at Rs. 9.40, reflecting an increase of Rs. 0.15 or 1.62%. The stock has recently shown a trend reversal, gaining after two consecutive days of decline. However, it has hit a new 52-week low of Rs. 9.07 today. Despite this short-term gain, the stock has underperformed significantly over longer periods, with a year-to-date decline of 35.17% and a staggering 89.55% drop over the last three years. The increase in pledged promoter shares to 21.32% and the negative book value indicate underlying weaknesses, contributing to the stock's volatility and risk perception among investors.
In the broader market context, IndiaNivesh's performance contrasts sharply with the benchmark Sensex, which has gained 5.27% year-to-date. The stock's recent performance has outpaced its sector by 1.95% today, yet it remains lower than all key moving averages, indicating a lack of sustained upward momentum. Additionally, the significant drop in delivery volume by 44.36% against the five-day average suggests declining investor participation, further complicating the stock's outlook. Overall, while there is a slight uptick in the stock price, the long-term fundamentals and market performance indicate a challenging environment for IndiaNivesh Ltd.