Why is Shrenik falling/rising?

As of 22-Sep, Shrenik Ltd's stock price is currently at 0.53, showing no change (0.00%). The stock's performance today is inline with the sector, although it is higher than the 5-day moving averages but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 6.00%, but it has experienced a significant decline of 5.36% over the past month and a staggering 50.00% drop over the past year. The company is facing challenges, including a negative book value, high debt levels, and poor long-term growth metrics, which contribute to its classification as a strong sell. Additionally, with 99.94% of promoter shares pledged, there is added downward pressure on the stock in a falling market.
In the broader market context, Shrenik Ltd's recent short-term return of +6.00% over the past week outperforms the Sensex, which has only increased by 0.53% in the same period. However, the stock's long-term performance is concerning, with a year-to-date decline of 33.75% compared to the Sensex's gain of 6.59%. The overall liquidity of the stock remains adequate for trading, but the falling investor participation, as indicated by a decline in delivery volume, suggests waning interest among investors. This combination of factors indicates that while there may be some short-term gains, the long-term outlook for Shrenik Ltd remains bleak.