Why is Shrenik falling/rising?

As of 09-Sep, Shrenik Ltd's stock price is currently at 0.53, showing no change (0.00%). The stock has outperformed its sector today by 1.34%, although it remains below its 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 1.92%, but it has seen a significant decline of 5.36% over the past month and a staggering 33.75% year-to-date. The company faces serious challenges, including a negative book value, high debt levels with a 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 adds downward pressure in a falling market.
In the broader market context, the Sensex has increased by 1.18% over the past week, contrasting with Shrenik's recent performance. While the stock has shown some short-term resilience, its long-term outlook remains bleak, with a 50% decline over the past year and a 74.76% drop over the past three years. The company's weak fundamentals, including a negative EBITDA and declining profitability, contribute to its risk profile, making it a strong sell. The falling investor participation, evidenced by a 28.6% drop in delivery volume, further indicates a lack of confidence among investors, which could hinder any potential recovery in the stock price.