Why is Radaan Media. falling/rising?

As of 02-Jul, Radaan Mediaworks (I) Ltd is experiencing a price increase, with the current price at 4.19, reflecting a change of 0.19 or 4.75% upward. Today's price summary indicates that the stock has gained after two consecutive days of decline, although it underperformed its sector by 0.6%. The stock's performance over the past year has been notable, generating a return of 114.87%, significantly higher than the market's 3.11%. However, the company faces challenges, including a negative book value and high debt levels, which contribute to its classification as a risky investment despite recent gains.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, as it has declined by 4.34% over the past week while the Sensex has increased by 0.79%. Although the film production, distribution, and entertainment sector has gained by 5.3%, Radaan Media's liquidity remains adequate for trading, with a delivery volume increase of 10.91% against its five-day average. The high percentage of pledged promoter shares adds to the stock's volatility, particularly in a falling market, which could exert additional downward pressure on its price despite its recent upward movement.