Why is Pioneer Invest falling/rising?

As of 23-Jul, Pioneer Investcorp Ltd is experiencing a price increase, currently at Rs 60.10, reflecting a rise of Rs 2.0 or 3.44%. The stock has outperformed its sector today by 2.9%, reaching an intraday high of Rs 61, which is a 4.99% increase. However, despite this positive movement, the stock has shown a decline of 3.38% over the past month and a significant year-to-date drop of 29.29%. The company's return on equity (ROE) stands at 5.1, indicating a very attractive valuation with a price-to-book value of 0.5. Although the stock has generated a return of 20.83% over the past year, its profits have surged by 94.1%, suggesting a strong performance relative to its historical valuations. Nonetheless, the stock faces challenges with weak long-term fundamentals, including a negative growth rate in net sales and a high percentage of pledged promoter shares, which could exert downward pressure on its price.
In the broader market context, Pioneer Investcorp's short-term performance of +4.32% over the past week contrasts sharply with the Sensex's minimal gain of +0.11%, indicating that the stock is currently outperforming the benchmark. However, the stock's year-to-date performance is notably poor compared to the Sensex's gain of 5.87%. This divergence highlights the stock's volatility and potential investor concerns, particularly given the weak long-term growth indicators and declining investor participation, as evidenced by a significant drop in delivery volume. Overall, while the stock is rising in the short term, underlying issues may pose risks for sustained growth.