Why is ADC India falling/rising?

As of 17-Jul, ADC India Communications Ltd's stock price is currently at 1,171.30, reflecting a decrease of 18.4 points or 1.55%. The stock has underperformed its sector today by 1.65%, with an intraday high of Rs 1218 and a low of Rs 1160. Over the past week, the stock has seen a decline of 8.04%, while it has experienced a significant drop of 38.86% over the past year, contrasting with a 1.91% increase in the benchmark. Despite a healthy long-term growth rate in operating profit and a high dividend yield of 4.62%, negative quarterly results, including a 58.5% fall in PAT, have contributed to the stock's recent downward movement. Additionally, the high percentage of pledged promoter shares may be exerting further downward pressure on the stock price.
In the broader market context, ADC India's recent performance has been notably weaker compared to the benchmark, which has generated a return of 0.26% over the last year. The stock's 1-month return of 19.46% stands in stark contrast to its 1-year decline, indicating volatility and potential investor concerns. While the stock has shown some positive momentum in the short term, the overall negative sentiment stemming from poor quarterly results and the high level of pledged shares has overshadowed these gains, leading to its current decline.