Why is Indo Tech.Trans. falling/rising?

As of 15-Jul, Indo Tech Transformers Ltd is currently priced at 1,875.05, reflecting an increase of 5.05 or 0.27%. The stock has experienced a trend reversal, gaining after three consecutive days of decline. Despite this recent uptick, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally bearish trend. Over the past week, the stock has decreased by 1.05%, and over the past month, it has fallen by 7.67%. However, the company has shown healthy long-term growth, with operating profit increasing at an annual rate of 74.04%, and it has reported positive results for the last three consecutive quarters, including a net sales high of Rs 206.06 crore and a PAT growth of 22.6%. Despite these positives, the stock has a high Price to Book Value ratio of 7.1, and 77.79% of promoter shares are pledged, which can exert downward pressure on the stock price in a falling market.
In the broader market context, Indo Tech Transformers Ltd's short-term performance has been relatively poor compared to the benchmark Sensex, which has increased by 1.79% over the past month while the stock has declined by 7.67%. This underperformance highlights the challenges the stock faces despite its strong operational metrics. The increase in delivery volume by 11.39% against the 5-day average suggests rising investor participation, which may provide some support for the stock. However, the high proportion of pledged shares and the stock's expensive valuation compared to peers could deter potential investors, contributing to its volatility in the current market environment.