Why is Shrenik falling/rising?

As of 19-Sep, Shrenik Ltd's stock price is currently at 0.53, reflecting a decrease of 0.01 or 1.85%. The stock has underperformed its sector today by 1.39%, despite showing a higher delivery volume, which increased by 111.25% against the 5-day average. Over the past week, the stock has gained 3.92%, but it has declined by 3.64% over the past month and has a year-to-date drop of 33.75%. The company is facing significant challenges, including a negative book value, high debt with a debt-to-equity ratio of 2.60, and poor long-term growth metrics, with net sales and operating profit declining sharply over the last five years. Additionally, 99.94% of promoter shares are pledged, which adds downward pressure in a falling market.
In the broader market context, the Sensex has risen by 0.85% over the past week, contrasting with Shrenik's recent performance. While the stock has shown some short-term recovery, its overall performance remains weak, with a staggering 50% decline over the past year compared to a slight decrease of 0.35% in the Sensex. This stark difference highlights the stock's struggles against the benchmark, indicating that investor sentiment remains negative due to the company's financial instability and high risk factors.