Why is N R Agarwal Inds falling/rising?

As of 10-Jun, N R Agarwal Industries Ltd is experiencing a price increase, currently at 303.00, reflecting a rise of 15.45 (5.37%). The stock has shown strong performance recently, gaining 20.86% over the last four days and outperforming its sector by 5.37% today. It opened with a gain of 3.98% and reached an intraday high of Rs 309, indicating positive momentum. However, despite these short-term gains, the stock has a year-to-date decline of 12.68% and a significant one-year drop of 31.73%, with profits having fallen by 85.9% over the past year. The company has a low debt-to-equity ratio of 0.50, but it has also declared negative results for the last five consecutive quarters, which may contribute to investor caution.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has outperformed the Sensex by a considerable margin in the short term, with a 1-week return of 12.68% compared to the Sensex's 2.05%. However, the stock has underperformed the market over the past year, where the BSE 500 has generated returns of 6.22%. The technical indicators suggest a mildly bearish outlook, compounded by the fact that 99.43% of promoter shares are pledged, which could exert additional downward pressure in a falling market. Overall, while the stock is currently rising, its long-term growth prospects remain a concern due to poor financial performance and high promoter pledges.