Why is ADC India falling/rising?

As of 03-Jul, ADC India Communications Ltd is experiencing a decline in its stock price, currently at Rs 1,283.05, reflecting a decrease of Rs 15.55 or 1.2%. The stock has underperformed its sector by 1.66% today and has been on a consecutive downward trend for the last three days, accumulating a total loss of 4.47% during this period. In terms of returns, the stock has seen a significant drop of 37.21% over the past year, despite a positive 19.29% return over the last month. The company's recent financial performance has raised concerns, particularly following negative results reported for March 25, where the profit after tax fell by 58.5% compared to the previous four-quarter average. Additionally, 65% of promoter shares are pledged, which adds downward pressure on the stock in a falling market.
In the broader market context, while the BSE500 index has generated a return of 2.20% over the past year, ADC India has significantly lagged behind, indicating a broader trend of underperformance. The stock's recent decline is further compounded by a falling investor participation, with delivery volume dropping by 85.11% against the five-day average. Although the company maintains a healthy long-term growth outlook with an annual operating profit growth rate of 49.49% and a high dividend yield of 4.24%, these positive factors are overshadowed by its recent poor financial results and high valuation metrics, leading to a bearish sentiment among investors.