Why is Pioneer Invest falling/rising?

As of 30-Jun, Pioneer Investcorp Ltd is experiencing a price increase, currently at 62.50, reflecting a change of 0.53 or 0.86% upward. The stock has shown mixed performance in recent periods, with a 1-week return of +0.48%, but a decline of -2.18% over the past month. Despite this recent dip, the stock has outperformed its sector today by 0.34%. It is trading above its 5-day and 20-day moving averages, although it remains below its longer-term moving averages. The stock's liquidity appears adequate, with a notable increase in delivery volume, suggesting rising investor participation. Positive factors include a strong one-year return of 30.97%, significantly higher than the broader market's return of 3.95%, and an attractive valuation with a low Price to Book Value. However, concerns about long-term growth persist, as evidenced by a negative trend in net sales and a high percentage of pledged promoter shares, which could exert downward pressure on the stock.
Broader Market Context: In the context of the broader market, Pioneer Investcorp's recent performance contrasts with the benchmark, as it has underperformed over the past month and year-to-date, with declines of -2.18% and -26.47%, respectively. While the stock has shown strong returns over the past year, the overall market, represented by the Sensex, has been more favorable in the short term, with a 2.09% increase over the past week and a 7.00% rise year-to-date. This divergence highlights the challenges Pioneer Investcorp faces in maintaining momentum amidst broader market gains, particularly given its weak long-term fundamentals and the implications of pledged shares in a declining market.