Why is Shalimar Paints falling/rising?

As of 15-Sep, Shalimar Paints Ltd. is currently priced at 73.80, reflecting an increase of 0.76 or 1.04%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and has outperformed its sector by 2.1% today. However, despite a positive short-term performance, the stock has significantly underperformed over the longer term, with a year-to-date return of -41.96% and a one-year return of -48.79%. The company's financial health is concerning, as it has reported operating losses and a weak ability to service its debt, indicated by a negative EBIT to Interest ratio. Additionally, 57.68% of promoter shares are pledged, which can exert downward pressure on the stock in a falling market.
In the broader market context, Shalimar Paints has shown a short-term return of +1.26% over the past week, slightly outperforming the Sensex, which increased by +1.24%. However, the stock's long-term performance remains troubling, as it has consistently underperformed against the benchmark over the last three years, with a staggering decline of -56.59% compared to the Sensex's +36.46% over the same period. This persistent underperformance, combined with the company's weak fundamentals and high levels of pledged shares, creates a challenging environment for the stock, despite the recent uptick in price.