Why is Indo Tech.Trans. falling/rising?

As of 13-Nov, Indo Tech Transformers Ltd is experiencing a significant rise in its stock price, currently at 1,809.75, reflecting an increase of 196.05 or 12.15%. The stock has shown strong performance today, outperforming its sector by 11.65% and achieving a consecutive gain over the last three days with a total return of 13.83%. Despite opening with a loss of 2.39%, it reached an intraday high of Rs 1,898, indicating high volatility with a wide trading range of Rs 322.9. Over the past week, the stock has gained 11.71%, although it has underperformed in the longer term with a year-to-date decline of 37.64%. The company has demonstrated 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 has been negatively impacted by 80.3% of promoter shares being pledged, which can exert downward pressure in falling markets.
In the broader market context, Indo Tech Transformers Ltd has underperformed compared to the benchmark Sensex, which has returned 1.40% over the past week and 8.11% year-to-date. While the stock has shown a positive short-term trend, its long-term performance remains concerning, with a one-year decline of 26.98% against the Sensex's gain of 8.74%. This underperformance, coupled with the high proportion of pledged shares, raises caution among investors, despite the company's recent positive financial results and fair valuation compared to peers. The falling investor participation, indicated by a 21.66% decrease in delivery volume, further suggests that market sentiment may be cautious despite the recent price increase.