Why is ADC India falling/rising?

As of 28-Jul, ADC India Communications Ltd is experiencing a decline in its stock price, currently at Rs 1,163.80, which reflects a decrease of Rs 45.2 or 3.74%. Today's performance indicates that the stock has underperformed its sector by 1.41% and has fallen after four consecutive days of gains. It opened with a loss of 2.92% and reached an intraday low of Rs 1,160.25, marking a drop of 4.03%. Over the past week, the stock has shown a positive return of 4.16%, but it has significantly underperformed over the last month and year, with declines of 12.50% and 41.68%, respectively. The company's recent financial results have also raised concerns, as the profit after tax for the latest quarter fell by 58.5% compared to the previous four-quarter average, contributing to negative sentiment around the stock.
In the broader market context, while the Sensex has experienced a decline of 1.59% over the past week, ADC India’s performance has been notably worse, indicating a lack of investor confidence. The telecommunications equipment sector has also seen a downturn, falling by 2.47%. Additionally, the stock's liquidity has decreased, with a significant drop in delivery volume, which suggests reduced investor participation. The high dividend yield of 4.55% may provide some support, but the overall negative sentiment, exacerbated by the high percentage of pledged promoter shares, continues to exert downward pressure on the stock price.