Why is Indo Tech.Trans. falling/rising?

As of 19-Sep, Indo Tech Transformers Ltd's stock price is rising, currently at Rs 1,824.35, reflecting an increase of Rs 58.35 or 3.3%. Today's performance indicates that the stock has outperformed its sector by 3.19%, reaching an intraday high of Rs 1,845.7, which is a 4.51% increase. Despite a decline of 6.25% over the past month and a year-to-date drop of 37.14%, the company has demonstrated strong fundamentals, including a low debt-to-equity ratio and significant growth in net sales and operating profit. The company has also reported positive results for the last four consecutive quarters, with a notable increase in profits and sales, contributing to a fair valuation compared to its peers.
In the broader market context, Indo Tech's short-term return of 1.94% over the past week outpaces the Sensex's return of 0.88%, indicating relative strength in a generally stable market. However, the stock's performance over longer periods shows a stark contrast, with a year-to-date decline significantly worse than the benchmark's gain. The high percentage of pledged promoter shares (77.79%) poses a risk, particularly in a falling market, which could exert downward pressure on the stock price despite its recent positive movement.