Why is Shrenik falling/rising?

As of 08-Sep, Shrenik Ltd's stock price is currently at 0.53, reflecting an increase of 0.02 or 3.92%. The stock has outperformed its sector today by 6.18%, although it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a positive return of 1.92%, contrasting with a significant decline of 5.36% over the last month. Despite today's rise, the company faces serious challenges, including a negative book value, a high debt-to-equity ratio of 2.60, and poor long-term growth metrics, with net sales declining at an annual rate of 49.73%. Additionally, 99.94% of promoter shares are pledged, which can exert downward pressure on the stock in a falling market.
In the broader market context, Shrenik Ltd's short-term performance of 1.92% over the past week is notably better than the Sensex's return of 0.60% in the same period. However, the stock's year-to-date performance shows a stark decline of 33.75%, while the Sensex has gained 4.77%. This disparity highlights the stock's ongoing struggles despite today's positive movement. The overall weak fundamentals, including a negative EBITDA and a significant drop in profitability, suggest that the recent uptick may not be sustainable in the long term.