Why is Shrenik falling/rising?

As of 16-Sep, Shrenik Ltd's stock price is currently at 0.52, reflecting an increase of 0.02 or 4.0%. Despite this positive movement today, the stock has underperformed over the past week, with a decline of 1.89%, and a significant year-to-date drop of 35.00%. The stock is trading below all its moving averages, indicating a bearish trend. However, there has been a rise in investor participation, with delivery volume increasing by 18.24% compared to the 5-day average. The company faces significant challenges, including a negative book value, high debt levels, and poor long-term growth metrics, which contribute to its classification as a strong sell.
Broader market context shows that while Shrenik Ltd has experienced a slight uptick today, it has lagged behind the Sensex, which has gained 1.49% over the past week. The stock's long-term performance is concerning, with a staggering decline of 75.24% over the past three years compared to a 43.97% increase in the benchmark. The high percentage of pledged promoter shares adds to the risk, particularly in a declining market, which could exert additional downward pressure on the stock price. Overall, while today's performance shows a brief recovery, the underlying fundamentals and market conditions suggest continued volatility and risk for Shrenik Ltd.