Why is Setco Automotive falling/rising?

As of 30-Jun, Setco Automotive Ltd's stock price is currently at 19.57, reflecting an increase of 0.93 or 4.99%. The stock has been on a positive trajectory, gaining for the last five days and achieving a return of 16.42% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong short-term momentum. Positive financial results reported in March, including a record return on capital employed and net sales, have contributed to the stock's upward movement. However, the company faces challenges, such as a negative book value and high debt levels, which raise concerns about its long-term fundamental strength.
In the broader market context, Setco Automotive's short-term performance significantly outpaces the Sensex, which has only risen by 2.09% over the same week. While the stock has shown impressive returns over the past year at 58.59%, its long-term growth prospects are hindered by a weak financial position, including a low growth rate in net sales and operating profit. Additionally, the high percentage of pledged promoter shares may add volatility and downward pressure in adverse market conditions. Overall, despite the recent gains, the stock's high debt and negative net worth present risks that investors should consider.