Why is ADC India falling/rising?

As of 04-Sep, ADC India Communications Ltd is experiencing a decline in its stock price, currently at 1,565.10, which reflects a decrease of 37.25 points or 2.32%. The stock has been underperforming, having lost 5.1% over the last two days and showing a weighted average price closer to its intraday low of Rs 1552. Despite a strong performance over the past month with a return of 33.63%, the stock has fallen significantly by 25.15% over the past year. The company's recent financial results have shown a decline in profit before tax and profit after tax, both down by approximately 18.9% and 18.7% respectively compared to previous quarters. Additionally, the high percentage of pledged promoter shares (65%) may be contributing to downward pressure on the stock price.
In the broader market context, while the Sensex has generated a modest return of 0.80% over the past week, ADC India has outperformed with a return of 1.96%. However, the stock's year-to-date performance is negative at -4.35%, contrasting with the Sensex's positive return of 3.30%. The company's low debt-to-equity ratio and healthy long-term growth in operating profit are positive factors, but the overall negative sentiment from recent earnings results and the high level of pledged shares are likely overshadowing these strengths, leading to the stock's current decline.