Why is ADC India falling/rising?

As of 27-Jun, ADC India Communications Ltd is experiencing a decline in its stock price, currently at Rs 1,330.05, which reflects a decrease of Rs 51.25 or 3.71%. The stock has underperformed its sector by 3.08% today and has seen a trend reversal after three consecutive days of gains. It touched an intraday low of Rs 1,325, indicating a drop of 4.08%. Over the past week, the stock has shown a positive return of 24.66%, but it has significantly underperformed over the year with a return of -34.56%. The company's recent financial results have been disappointing, with a 58.5% drop in PAT and the lowest operating profit to net sales ratio recorded. Additionally, 65% of promoter shares are pledged, which can exert further downward pressure in a falling market.
In the broader market context, while the BSE 500 has generated a return of 4.10% over the past year, ADC India has lagged significantly, highlighting its underperformance. Although the stock has a high dividend yield of 4.1% and a low debt-to-equity ratio, these factors have not been sufficient to counterbalance the negative sentiment stemming from poor quarterly results and high promoter pledges. The stock's liquidity remains adequate, but the overall market conditions and the company's financial challenges contribute to its current downward trajectory.