Why is TGB Banquets falling/rising?

As of 01-Jul, TGB Banquets & Hotels Ltd is experiencing a price increase, currently at 12.22, reflecting a change of 0.11 or 0.91% upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 0.75% today, and the delivery volume has risen by 5.47% against the 5-day average, indicating increased investor participation. Despite a year-to-date decline of 11.77% and a one-year drop of 28.33%, the stock has demonstrated a strong performance over the past month with a return of 12.83%. Positive financial results from March 25, including the highest quarterly PAT and net sales, along with a very attractive valuation, contribute to the stock's recent upward movement. However, the company faces challenges such as weak long-term fundamental strength and a significant percentage of pledged promoter shares, which could exert downward pressure on the stock.
In the broader market context, the stock's short-term performance has been relatively weak compared to the benchmark, as it has underperformed the Sensex, which has gained 2.00% over the past week. While TGB Banquets has shown some recovery today, its one-year performance remains concerning, with a stark contrast to the BSE500's return of 3.20%. The stock's ability to attract investor interest may be hampered by its long-term growth prospects and the high percentage of pledged shares, which could lead to increased volatility in a falling market.