Why is Relicab Cable falling/rising?

As of 25-Jul, Relicab Cable Manufacturing Ltd's stock is currently priced at 85.00, reflecting a slight increase of 0.01 (0.01%). The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 1.52%. However, despite this minor uptick, the stock has experienced a significant decline over the past month, down 8.68%, and a substantial drop of 28.00% over the past year. The company's financial performance has raised concerns, particularly with a reported operating profit to net sales ratio at its lowest and a high PEG ratio indicating an expensive valuation. Additionally, the fact that 99.94% of promoter shares are pledged adds pressure on the stock, especially in a falling market.
In the broader market context, the stock's short-term performance has been relatively better than the benchmark, as it gained 0.25% over the past week while the Sensex fell by 0.36%. However, the stock has underperformed the market significantly over the last year, with a decline of 28.00% compared to the BSE500's negative return of only 0.19%. This underperformance, coupled with falling investor participation and liquidity concerns, suggests that while there may be some short-term recovery, the overall sentiment remains negative due to the company's financial challenges and high promoter share pledging.