Why is UFO Moviez falling/rising?

As of 04-Sep, UFO Moviez India Ltd is experiencing a price increase, currently at Rs 76.24, reflecting a rise of 1.24 (1.65%). The stock has shown positive momentum, gaining 2.06% over the last two days and outperforming its sector by 1.26% today. Despite a significant decline of 40.53% over the past year, the company has reported impressive growth in its profits, with a 209.04% increase in PAT over the last six months and a healthy annual operating profit growth rate of 49.59%. However, the stock's performance is tempered by the fact that 26.15% of promoter shares are pledged, which can exert downward pressure in a falling market, and its consistent underperformance against benchmarks over the last three years.
In the broader market context, UFO Moviez has outperformed the Sensex in the short term, with a 3.03% gain over the past week compared to the Sensex's 0.80% increase. While the stock has shown some resilience recently, its year-to-date performance remains concerning at -25.14%, contrasting sharply with the Sensex's positive return of 3.30%. The stock's liquidity appears adequate for trading, but the falling investor participation, as indicated by a 25.78% drop in delivery volume, suggests caution among investors. Overall, while there are positive indicators for UFO Moviez, the backdrop of high pledged shares and historical underperformance raises questions about its sustainability in the current market environment.