Why is Shrenik falling/rising?

As of 24-Sep, Shrenik Ltd's stock price is flat, currently at 0.54 with no change (0.00%). The stock has shown a performance today that is inline with its sector, although it is higher than the 5-day and 20-day moving averages but lower than the 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 3.85%, contrasting with a decline of 3.57% over the past month. However, the company is facing significant challenges, including a negative book value, poor long-term growth with net sales declining at an annual rate of -49.73%, and a high debt-to-equity ratio of 2.60. Additionally, 99.94% of promoter shares are pledged, which could exert downward pressure on the stock in a falling market.
In the broader market context, while Shrenik Ltd has experienced a short-term gain over the past week, the benchmark Sensex has declined by 1.08% during the same period. Year-to-date, Shrenik's stock has fallen by 32.50%, significantly underperforming the Sensex, which has gained 5.97%. The company's weak fundamentals, highlighted by a negative EBITDA and a return on equity of only 6.26%, suggest that the stock is trading at risky valuations. This combination of factors indicates that despite a slight uptick in the short term, the overall outlook for Shrenik Ltd remains precarious.