Why is Pioneer Invest falling/rising?

As of 04-Sep, Pioneer Investcorp Ltd is experiencing a decline in its stock price, currently at Rs 72.00, which reflects a decrease of Rs 2.93 or 3.91%. The stock has underperformed its sector today by 4.32% and has been on a consecutive downward trend for the last two days, resulting in a total decline of 3.99%. Despite a strong performance over the past month with a return of 25.98%, the stock's year-to-date performance shows a significant drop of 15.29%. Key financial indicators reveal that while the company has reported its highest net sales and a substantial growth in profit before tax, it also faces challenges such as a weak long-term growth rate in net sales and a high percentage of pledged promoter shares, which can exert downward pressure on the stock price.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a modest increase of 0.80% over the past week. Although Pioneer Investcorp has outperformed the BSE500 over the last three years and generated a return of 7.85% in the past year, the current market conditions, including falling investor participation and liquidity concerns, are contributing to its recent decline. The stock's valuation remains attractive compared to peers, but the overall sentiment is affected by its weak long-term fundamentals and the high percentage of pledged shares, which may deter potential investors in a declining market.