Why is Indo Tech.Trans. falling/rising?

As of 12-Aug, Indo Tech Transformers Ltd is experiencing a rise in its stock price, currently at Rs 1,727.30, reflecting an increase of 82.25 or 5.0%. The stock has shown strong performance today, outperforming its sector by 5.13% and has gained nearly 10% over the last two days. It opened with a 5% gain and reached an intraday high of Rs 1,727.30. Despite a year-to-date decline of 40.48%, the stock has demonstrated significant long-term growth, with an annual operating profit increase of 74.04%. The company has reported positive results for the last three consecutive quarters, with net sales reaching Rs 206.06 crore and a PAT growth of 22.6%. However, it is important to note that 77.79% of promoter shares are pledged, which could exert downward pressure in a falling market.
In the broader market context, the stock has outperformed the Sensex over the past week, gaining 6.49% compared to the benchmark's decline of 0.59%. While the stock has struggled over the past month and year, its impressive three-year return of 738.29% highlights its potential for recovery. The current liquidity of the stock is adequate, with a delivery volume increase of 1.65% against the five-day average, indicating rising investor participation. Overall, the combination of positive quarterly results and a fair valuation relative to peers contributes to the stock's recent upward movement, despite the concerns regarding pledged shares.