Why is Paisalo Digital falling/rising?

As of 04-Sep, Paisalo Digital Ltd's stock price is currently at Rs 34.34, reflecting an increase of Rs 1.01 or 3.03%. The stock has shown strong performance recently, gaining 14.2% over the last four days and outperforming its sector by 2.62% today. It opened with a gain of 2.01% and reached an intraday high of Rs 35.26. Despite a year-to-date decline of 31.04%, the stock has demonstrated a positive trend in the short term, with a 12.96% increase over the past week. However, the company faces challenges, including a high debt-equity ratio of 2.32 times and a recent decline in PAT, which fell by 5.5% compared to the previous quarter's average. Additionally, 26.18% of promoter shares are pledged, which can exert downward pressure on the stock price in a falling market.
Broader market context indicates that while Paisalo Digital has outperformed the Sensex in the short term, with a 12.96% gain over the past week compared to the benchmark's 0.80%, it has underperformed over the longer term, with a 43.89% decline in the past year versus the Sensex's 1.98% drop. The stock's attractive valuation, indicated by a price-to-book value of 2 and a PEG ratio of 1.2, suggests potential for recovery, especially given its strong long-term fundamental strength with a 21.63% CAGR growth in operating profits. However, the significant underperformance relative to the broader market over the past year raises concerns among investors, impacting overall sentiment.