Why is Setco Automotive falling/rising?

As of 24-Sep, Setco Automotive Ltd's stock price is rising, currently at 19.08, reflecting an increase of 0.9 or 4.95%. The stock has shown strong performance recently, gaining 15.71% over the last four days and outperforming its sector by 5.99% today. In terms of returns, Setco Automotive has delivered a remarkable 60.20% increase over the past year, significantly outperforming the BSE500 index during the same period. However, the company faces challenges, including a negative book value and high debt levels, which raise concerns about its long-term sustainability despite its recent price gains.
Broader market context indicates that while Setco Automotive has performed well in the short term, the broader market, represented by the Sensex, has seen a decline of 1.18% over the past week. This contrast highlights the stock's resilience in a generally unfavorable market environment. Nonetheless, the company's high debt-to-equity ratio and negative net worth suggest underlying risks that could impact future performance. The stock's liquidity remains adequate for trading, but the significant pledge of promoter shares may add downward pressure in volatile market conditions.