Why is Shrenik falling/rising?

As of 23-Sep, Shrenik Ltd's stock price is currently at 0.54, reflecting an increase of 0.01 or 1.89%. The stock has outperformed its sector today by 3.47%, although it is trading higher than its 5-day and 20-day moving averages but lower than its 50-day, 100-day, and 200-day moving averages. Despite this positive movement, the stock has shown a significant decline over the longer term, with a year-to-date drop of 32.50% and a staggering 49.06% decrease over the past year. The company's financial health is concerning, characterized by a negative book value, high debt levels, and poor long-term growth metrics, which contribute to its classification as a strong sell. Additionally, the stock's liquidity is adequate for trading, but a notable decline in investor participation, with a 54.35% drop in delivery volume, raises further concerns.
In the broader market context, Shrenik Ltd's short-term performance contrasts with the Sensex, which has seen a slight decline of 0.28% over the past week while Shrenik has gained 3.85%. This indicates that, despite the company's struggles, it is experiencing a temporary rebound relative to the benchmark. However, the overall market sentiment may still be influenced by the company's high debt-to-equity ratio and the fact that 99.94% of promoter shares are pledged, which could exert additional downward pressure in a falling market. Thus, while there is a short-term rise in stock price, the long-term outlook remains bleak due to fundamental weaknesses.