Why is Sigachi Indust. falling/rising?

As of 17-Sep, Sigachi Industries Ltd is currently priced at 44.40, reflecting an increase of 0.7 or 1.6%. The stock has shown strong performance recently, with a 39.40% increase over the past week and a 44.81% rise over the past month, significantly outperforming the Sensex, which has only risen by 1.56% and 2.60% respectively during those periods. Additionally, the stock is trading above its moving averages across various time frames, indicating positive momentum. However, the company has faced challenges, including a low earnings per share (EPS) of -2.63 and a return on equity (ROE) of 11.6%, which suggests an expensive valuation relative to its peers. Furthermore, 45.37% of promoter shares are pledged, which could exert downward pressure in a declining market.
Broader market context shows that while Sigachi Industries has outperformed the market in the short term, it has underperformed over the last year, with a return of -20.54% compared to the BSE500's -2.63%. The stock's recent rise can be attributed to increased investor participation, as evidenced by a 24.31% rise in delivery volume, and its relatively low debt-to-equity ratio, which may attract investors seeking stability. However, the company's flat results in the last quarter and the high percentage of pledged shares could create concerns for potential investors, impacting future performance.