Why is ADC India falling/rising?

As of 18-Jul, ADC India Communications Ltd is experiencing a decline in its stock price, currently at Rs 1,161.25, which reflects a decrease of Rs 10.05 or 0.86%. The stock has been losing value for the last two days, with a total drop of 2.39% during this period. Over the past week, the stock has underperformed significantly, showing a return of -7.37%, while the Sensex has only declined by 0.90%. Despite a positive return of 8.59% over the past month, the stock's year-to-date performance is concerning, with a decline of 29.03%. The company has a high dividend yield of 4.7%, but it is trading at a discount compared to its peers, which may not be enough to offset the negative sentiment stemming from recent poor financial results and a high percentage of pledged promoter shares.
In the broader market context, ADC India has underperformed relative to the benchmark, with a one-year return of -38.29% compared to the Sensex's modest gain of 0.51%. This stark contrast highlights the stock's struggles in a generally stable market environment. The recent negative financial results, including a significant drop in profit after tax and operating profit margins, have contributed to the stock's downward pressure. Additionally, the falling investor participation, indicated by a substantial decrease in delivery volume, further exacerbates the stock's decline. Overall, the combination of poor financial performance, high promoter share pledges, and underperformance relative to the market has led to a negative outlook for ADC India Communications Ltd.