Why is Sadhana Nitro falling/rising?

As of 11-Aug, Sadhana Nitro Chem Ltd's stock price is currently at 6.53, reflecting an increase of 0.12 or 1.87%. Today's price summary indicates that the stock has outperformed its sector by 0.83% and has experienced a trend reversal, gaining after four consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has shown significant underperformance over the past year, with a return of -88.60%, despite a notable increase in net profit of 58.91% and a very attractive valuation based on its PEG ratio of 0.4. The presence of pledged promoter shares, which have increased by 5.71% over the last quarter, adds to the stock's downward pressure, especially in a falling market.
In the broader market context, Sadhana Nitro's short-term performance has been relatively better than the benchmark, as it has outperformed the Sensex by 0.83% today, despite a 5.77% decline over the past week compared to the Sensex's -0.51%. The stock's long-term performance remains concerning, with consistent underperformance against the benchmark over the last three years and a significant decline in value year-to-date. This underperformance, coupled with weak long-term fundamental strength and a high debt-to-EBITDA ratio, contributes to the overall negative sentiment surrounding the stock, despite some recent positive financial results.