Why is Kundan Edifice falling/rising?

As of 18-Sep, Kundan Edifice Ltd's stock price is currently at 103.70, reflecting an increase of 5.5, or 5.6%. The stock has shown a strong performance today, outperforming its sector by 5.21%. However, it is important to note that while the stock has risen recently, it has a negative year-to-date return of -30.91% and has underperformed the benchmark over various periods, including a -34.39% return over the last year. The stock's moving averages indicate it is higher than the 5-day and 20-day averages but lower than the longer-term averages, suggesting mixed signals regarding its price momentum. Positive factors include high management efficiency with a return on capital employed (ROCE) of 22.81% and significant growth in net sales and operating profit. Conversely, the company faces challenges with a high debt-to-equity ratio of 1.73 times and a concerning level of pledged promoter shares, which has increased by 65.05% over the last quarter, potentially exerting downward pressure on the stock.
In the broader market context, Kundan Edifice's short-term return of +8.02% over the past week significantly outpaces the Sensex's return of +1.67% during the same period, indicating a relative strength in the stock's recent performance. However, the stock's long-term performance remains a concern, as it has consistently underperformed the benchmark indices over the past year and three years. This underperformance, combined with high debt levels and pledged shares, creates a complex scenario for investors, who may be cautious despite the recent uptick in price.