Why is Websol Energy falling/rising?

As of 18-Sep, Websol Energy System Ltd is experiencing a price increase, currently at 1,292.00, reflecting a change of 8.65 (0.67%) upward. The stock has shown a positive performance today, outperforming its sector by 1.13% and achieving a consecutive gain over the last two days with a total return of 0.96%. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week decline of 0.88% and a 1-month decline of 2.30%. However, the company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 33.03% and a net profit growth of 39.18%, contributing to positive results over the last five consecutive quarters. Nonetheless, the stock's valuation appears high, with a return on capital employed (ROCE) of 61.5 and a PEG ratio of 0, indicating it may be considered expensive relative to its earnings growth.
In the broader market context, while the Sensex has increased by 1.80% over the past week, Websol Energy's recent performance has lagged behind this benchmark. The stock's long-term returns remain impressive, with a 3-year return of 1044.38% and a 1-year return of 27.08%, both outperforming the BSE500. However, the significant pledge of 88.12% of promoter shares raises concerns, particularly in a declining market, as it could exert additional downward pressure on the stock price. Despite the recent gains, the overall market sentiment and the high level of pledged shares may continue to impact investor confidence in the stock.