Why is N R Agarwal Inds falling/rising?

As of 13-Jun, N R Agarwal Industries Ltd is experiencing a significant rise in its stock price, currently at 355.20, reflecting an increase of 47.5 or 15.44%. The stock has outperformed its sector by 16.08% today and reached an intraday high of Rs 369.2, marking a 19.99% increase. Over the past week, the stock has surged by 34.19%, while it has shown a 47.82% increase over the past month. Despite this positive momentum, the company has faced challenges, including a substantial decline in profits by 85.9% over the past year and negative results for the last five consecutive quarters. Additionally, 99.43% of promoter shares are pledged, which could exert downward pressure on the stock in a falling market.
In the broader market context, while N R Agarwal Industries has shown impressive short-term returns, the benchmark Sensex has declined by 1.30% over the past week and remained nearly flat over the past month. The stock's year-to-date performance is modest at 2.36%, underperforming the Sensex's 3.81% return. The company's low debt-to-equity ratio and attractive valuation metrics may provide some support for the stock, but the long-term growth outlook remains poor due to a negative operating profit trend and significant pledged shares. Overall, while the stock is rising in the short term, its long-term prospects are clouded by financial difficulties and market conditions.