Why is Patel Engineerin falling/rising?

As of 05-Jun, Patel Engineering Ltd's stock price is currently at Rs 43.02, reflecting an increase of Rs 1.74 or 4.22%. The stock has shown positive momentum, gaining 5.2% over the last two days and outperforming its sector by 3.99% today. Despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 17.03% and a one-year drop of 24.59%. Positive factors contributing to the stock's rise include healthy long-term growth, as evidenced by a 66.30% increase in profit after tax over the last six months and a strong operating profit growth rate of 39.68%. However, the stock is also facing challenges, such as a high percentage of pledged promoter shares and technical indicators suggesting a mildly bearish trend.
In the broader market context, Patel Engineering's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.23% over the past week while the stock itself has risen by 4.82%. This indicates that the stock's short-term gains are occurring despite a generally weak market environment. However, the stock's longer-term performance remains concerning, as it has significantly lagged behind the market's overall growth, which has yielded a return of 4.23% year-to-date. The combination of positive short-term movements and persistent long-term underperformance paints a complex picture for investors considering Patel Engineering Ltd.