Why is Shalimar Paints falling/rising?

As of 19-Sep, Shalimar Paints Ltd. is experiencing a slight increase in its stock price, currently at 84.19, with a change of 0.01 (0.01%) upward. The stock has shown a strong performance recently, gaining 15.01% over the last three days and outperforming the Sensex, which has only increased by 0.88% over the past week. However, despite this short-term gain, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by a negative EBIT to interest ratio and a declining operating profit over the past five years. 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, while Shalimar Paints has outperformed the Sensex in the short term, it has consistently underperformed against the benchmark over the last three years, with a year-to-date return of -33.79% compared to the Sensex's 5.74% increase. This underperformance, combined with the company's poor financial health and high levels of pledged shares, suggests that while there may be short-term gains, the long-term outlook remains precarious, which could lead to volatility in the stock price moving forward.