Why is Setco Automotive falling/rising?

As of 15-Sep, Setco Automotive Ltd's stock price is currently at 15.85, reflecting an increase of 0.75 or 4.97%. The stock has shown a positive trend today, outperforming its sector by 3.81% after two consecutive days of decline. In the past week, it has gained 9.31%, while its one-month return stands at 1.73%. Despite a year-to-date decline of 15.10%, the stock has performed well over the past year with a return of 26.80%. However, the company faces significant challenges, including a negative book value, high debt levels, and a weak long-term growth outlook, which may deter investors despite its recent price increase.
In the broader market context, Setco Automotive's recent performance is notably stronger than the benchmark, as the Sensex has only gained 1.24% over the past week. While the stock has outperformed the market in the short term, it is important to note that the company has reported losses and has a high debt-to-equity ratio, indicating financial instability. Additionally, with 94.59% of promoter shares pledged, there is a risk of downward pressure on the stock in adverse market conditions. Overall, while the stock is rising today, its long-term fundamentals remain concerning, which could impact future performance.