Why is Shrenik falling/rising?

As of 10-Sep, Shrenik Ltd's stock price is flat at 0.53, showing no change (0.00%). The stock has outperformed its sector by 0.39% today, but it is currently trading higher than its 5-day moving averages while remaining lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent 1-week return of +8.16%, the stock has experienced significant declines over longer periods, with a year-to-date drop of -33.75% and a staggering -50.00% over the past year. The company faces several challenges, including a negative book value, high debt levels with a debt-to-equity ratio of 2.60, and poor long-term growth metrics, such as a -49.73% annual rate in net sales over the last five years. Additionally, 99.94% of promoter shares are pledged, which can exert further downward pressure on the stock in a declining market.
In the broader market context, the Sensex has shown a modest gain of +1.04% over the past week and +5.62% year-to-date, indicating that while Shrenik Ltd has outperformed the sector recently, it is still lagging significantly behind the benchmark in the longer term. The stock's performance is concerning given its negative EBITDA and the fact that its profits have risen by 100% over the past year, yet it still generated a return of -50.00%. The falling investor participation, with a delivery volume decrease of -47.93% against the 5-day average, suggests waning interest in the stock, which could further contribute to its struggles in the market.