Why is IndiaNivesh falling/rising?

As of 29-Aug, IndiaNivesh Ltd's stock price is currently at 8.75, reflecting an increase of 0.28, or 3.31%. The stock has shown a positive trend recently, gaining for three consecutive days with a total return of 7.89% during this period. However, despite this short-term performance, the stock has underperformed significantly over the longer term, with a year-to-date decline of 39.66% and a one-year return of -34.60%. The company's financial health is concerning, as it has a negative book value and has reported a substantial drop in profits, with a 388.6% decline over the past year. Additionally, 28.94% of promoter shares are pledged, which can exert downward pressure on the stock price, especially in a falling market.
In the broader market context, IndiaNivesh's recent performance has outpaced the sector by 3.97%, contrasting sharply with the benchmark Sensex, which has declined by 1.84% over the past week. However, the stock's long-term performance remains troubling, as it has consistently underperformed against the benchmark over the last three years. The stock's liquidity appears adequate for trading, but the significant drop in delivery volume indicates a lack of investor participation, which could hinder future price movements. Overall, while there is a short-term uptick in the stock price, the underlying fundamentals and market conditions suggest a cautious outlook.