Why is Shrenik falling/rising?

As of 12-Sep, Shrenik Ltd is currently priced at 0.51, with no change in price (0.00%). The stock has shown a performance today that outperformed its sector by 0.71%. However, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Over the past week, the stock has remained flat, while it has decreased by 5.56% over the past month and has a year-to-date decline of 36.25%. The company is facing significant challenges, including a negative book value, high debt levels, and poor long-term growth metrics, with net sales and operating profit declining sharply. Additionally, 99.94% of promoter shares are pledged, which adds to the downward pressure on the stock price.
In the broader market context, the Sensex has increased by 1.51% over the past week, contrasting with Shrenik's flat performance. While the stock has seen a rise in investor participation, with a 22.9% increase in delivery volume, the overall financial health of the company remains concerning, as indicated by its negative EBITDA and a return on equity of only 6.26%. The significant underperformance compared to the benchmark, alongside the company's weak fundamentals and high debt, suggests that the stock is likely to continue facing challenges in the near term.