Why is Shrenik falling/rising?

As of 18-Sep, Shrenik Ltd's stock price is currently at 0.54, reflecting an increase of 0.02 or 3.85%. The stock has outperformed its sector today by 4.61%, although it is trading higher than its 5-day and 20-day moving averages but lower than its longer-term moving averages. Over the past week, the stock has shown a positive return of 5.88%, contrasting with a decline of 3.57% over the past month. Despite this short-term gain, the company faces significant 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's recent performance has been notably stronger than the benchmark Sensex, which has only increased by 1.67% over the past week. However, the stock's year-to-date performance remains concerning, with a decline of 32.50% compared to the Sensex's gain of 7.52%. The liquidity of the stock is adequate for trading, but a decrease in investor participation, as indicated by a 14.36% drop in delivery volume, raises concerns about sustained interest. Overall, while the stock has seen a short-term rise, the underlying fundamentals and market conditions suggest a precarious position for Shrenik Ltd.