Why is Paisalo Digital falling/rising?

As of 23-Jul, Paisalo Digital Ltd's stock price is currently at 32.32, reflecting an increase of 0.56 or 1.76%. The stock has shown positive momentum, gaining 4.26% over the past week and outperforming its sector by 1.22% today. It has experienced consecutive gains for the last two days, and the delivery volume has significantly increased by 244.74% compared to the 5-day average, indicating rising investor participation. However, despite these positive short-term movements, the stock has a concerning long-term performance, with a year-to-date decline of 35.10% and a staggering 53.89% drop over the past year. The company has strong long-term fundamentals, with a 21.63% CAGR growth in operating profits, but it also faces challenges such as a high debt-equity ratio and a significant portion of promoter shares being pledged, which could exert downward pressure on the stock.
In the broader market context, the Sensex has only increased by 0.11% over the past week, highlighting that Paisalo Digital's short-term return of 4.26% is a notable outperformance compared to the benchmark. However, the stock's long-term performance remains a concern, as it has underperformed the BSE500 over the last three years, one year, and three months. While the stock is trading at a discount compared to its peers and has shown a rise in profits, the overall negative sentiment from its historical performance and high levels of pledged shares may continue to impact investor confidence.