Why is VMS Industries falling/rising?

As of 26-Sep, VMS Industries Ltd's stock price is currently at 36.67, reflecting an increase of 0.72 or 2.0%. The stock has been on an upward trend, gaining for the last three days with a total return of 12.42% during this period. It has outperformed its sector by 4.09% today and is trading above its moving averages across various time frames. However, despite this recent positive movement, the stock has experienced a significant decline of 29.90% over the past year, with a concerning drop in net sales and profits reported in June. The company's return on equity stands at 6.9, indicating an attractive valuation relative to its peers, but the long-term fundamental strength remains weak, with a high percentage of pledged promoter shares contributing to potential downward pressure.
Broader market context shows that while VMS Industries has outperformed the Sensex in the short term, with a 1-week return of 11.02% compared to the benchmark's decline of 2.66%, it has underperformed over the longer term, particularly in the past year. The broader market has seen a negative return of 2.93%, while VMS Industries' performance has been significantly worse. This disparity highlights the stock's volatility and the challenges it faces in maintaining investor confidence amidst weak financial fundamentals and high promoter share pledges.