Why is Websol Energy falling/rising?

As of 06-Nov, Websol Energy System Ltd's stock price is rising, currently at 1,339.05, reflecting an increase of 128.85 or 10.65%. The stock has shown strong performance today, outperforming its sector by 11.31% and reaching an intraday high of Rs 1349.2. Over the past week, the stock has gained 8.49%, and in the last month, it has risen by 13.70%. The company has demonstrated a robust ability to service its debt with a low Debt to EBITDA ratio of 0.83 times, and it has reported positive results for the last six consecutive quarters, including significant growth in net sales and profit after tax. However, the stock has a high valuation with a ROCE of 61.5 and 88.12% of promoter shares pledged, which could exert downward pressure in a falling market.
In the broader market context, while Websol Energy has outperformed the Sensex in the short term, with a 1-week return of +8.49% compared to the Sensex's -1.30%, it has underperformed over the past year, generating a return of -12.81% against the benchmark's +3.65%. Despite its recent gains, the stock's long-term performance remains concerning, particularly given its significant underperformance relative to the market and the high percentage of pledged shares, which could impact investor sentiment.