Why is Pioneer Invest falling/rising?

As of 26-Aug, Pioneer Investcorp Ltd's stock price is currently at 73.46, reflecting an increase of 0.24 or 0.33%. The stock has shown a positive trend, gaining for the last two days with a total return of 0.63% during this period. It has outperformed its sector by 2.28%, despite the finance/NBFC sector experiencing a decline of 2.01%. Over the past week, the stock has increased by 0.36%, while it has delivered a substantial 20.43% return over the past month. Positive factors contributing to this upward movement include a significant growth in net sales at 69.1%, the highest operating profit to net sales ratio at 44.94%, and an attractive valuation with a low price to book value of 0.6. However, the stock faces challenges such as a weak long-term fundamental strength indicated by a low average ROE of 2.55% and a concerning 43.92% of promoter shares being pledged.
Broader market context shows that while Pioneer Investcorp has outperformed the benchmark Sensex in the short term, with a 1-week return of +0.36% compared to the Sensex's -1.05%, it has underperformed on a year-to-date basis, with a decline of 13.58% against the Sensex's gain of 3.39%. Despite the recent positive performance, the falling investor participation, as indicated by a significant drop in delivery volume, suggests caution among investors. The stock's long-term performance remains strong, with a 119.94% increase over three years, but the concerns regarding pledged shares and weak long-term growth could pose risks moving forward.