Why is Pioneer Invest falling/rising?

As of 12-Aug, Pioneer Investcorp Ltd is experiencing a decline in its stock price, currently at Rs 70.87, which reflects a decrease of Rs 3.72 or 4.99%. The stock has underperformed its sector by 4.08% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 14.48%. Despite trading above its moving averages, the stock touched an intraday low of Rs 69.99. In terms of performance, while the stock has shown impressive returns of 41.80% over the past year and 108.75% over three years, it has faced challenges with a year-to-date decline of 16.62%. Factors such as the highest quarterly net sales and operating profit margins indicate strong operational performance; however, the long-term fundamentals are weak, with a low average return on equity and negative growth in net sales.
Broader market context shows that Pioneer Investcorp's short-term performance contrasts with the benchmark, as it has gained 23.88% over the past week while the Sensex has declined by 0.59%. Despite this recent strength, the stock's long-term outlook is clouded by concerns such as a significant percentage of promoter shares being pledged, which can exert additional downward pressure in a falling market. The stock's liquidity remains adequate, but the overall sentiment may be influenced by its weak long-term growth prospects and the high level of pledged shares, contributing to the current price decline.