Why is Indo Tech.Trans. falling/rising?

As of 16-Sep, Indo Tech Transformers Ltd is currently priced at 1,776.90, reflecting an increase of 18.7, or 1.06%. Despite this positive movement today, the stock has underperformed its sector by 0.72% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a minimal increase of 0.01%, but it has declined by 6.69% over the past month and 38.78% year-to-date. The company has reported healthy long-term growth, with net sales increasing at an annual rate of 30.79% and operating profit rising by 64.35%. However, the stock's performance over the last year has been disappointing, with a return of -13.45%, despite a 56.7% increase in profits, indicating a disconnect between stock price and company performance. Additionally, a significant concern is that 77.79% of promoter shares are pledged, which can exert downward pressure on the stock in a falling market.
In the broader market context, the Sensex has outperformed Indo Tech Transformers Ltd, gaining 1.58% over the past week and 2.21% over the past month, while the stock has struggled to keep pace. The company's performance has been notably weaker than the market, with a one-year return of -13.45% compared to the BSE500's decline of only -2.93%. This underperformance, coupled with the high percentage of pledged shares, has likely contributed to investor caution, impacting the stock's price movement negatively. Despite the company's solid financial fundamentals, the market's perception and broader trends are currently weighing heavily on its stock price.